The construction of both buildings has been planned to be completed within two years.
In a bid to solve the traffic problems in the city, TRIDA has launched two parking plaza-cum-commercial complexes in Palayam and Panjappura junction.
Chief Minister Oommen Chandy inaugurated the construction of two parking plazas-cum-commercial complexes, named A- and M- blocks.
The building name A-Block is six-storey high and will come up behind the Saphalyam shopping complex on a plot of 85 cents. The complex is constructed at a cost of RS.35 crore and can accommodate around 300 cars, besides numerous two-wheelers. The building will have both parking and commercial spaces. The construction is being planned in such a manner that three more floors, to accommodate an additional 300 cars, could be built later. The project is being implemented through Central government enterprise, Hindustan Frefab Limited.
The complex is constructed at a cost of RS.35 crore and can accommodate around 300 cars, besides numerous two-wheelers.
The M-block will be a 9-storey structure that will come up near Panjappura Junction on a plot at 83.50 cents at an estimated cost of Rs.21 crore. The first two floors will be reserved for rehabilitating traders who were displaced for various development projects. The next two floors will be utilised for commercial purposes. The building will provide space for parking vehicles in the basement. Lodging facilities have been planned in the fifth and sixth floors. It will have space for 27 suite rooms, one dining hall and two conference halls.
Lodging facilities will be available in 5th and 6th floor with 27 suite rooms, one dining hall and two conference halls.
The construction of both buildings has been planned to be completed within two years. When the project gets completed, it is expected to solve the parking woes in the city to an extent.