HDC Opens Bidding for 15 Parking Structures in Hulhumalé to Address Growing Parking Demand

The Housing Development Corporation (HDC) has announced the opening of bids for the construction of 15 parking structures in Hulhumalé, a key initiative aimed at addressing the city's increasing parking demands. Interested candidates have until September 16 to submit their proposals for the project.

The new parking structures are part of HDC's broader strategy to resolve the chronic parking issues in Hulhumalé while ensuring that vehicles are stored securely. The buildings will not only provide parking spaces but will also include commercially leased units, offering a multi-functional approach to urban infrastructure development.

HDC emphasized that the project will be awarded based on a model prioritizing engineering procurement, construction, and finance. If multiple parties express interest, the corporation will evaluate the best proposal before making a final decision.

The planned parking structures will have the capacity to accommodate approximately 4,000 vehicles, a significant addition to the existing infrastructure. HDC has stated that parking spaces within these facilities will be allocated based on vehicle registration, ensuring an organized and efficient system.

The government has projected that the development of these commercial parking structures will be completed within the next two to three years, a timeline that reflects the urgency of addressing the parking shortage in Hulhumalé. This initiative is seen as a crucial step in supporting the city's growing population and the increasing number of vehicles on the roads.

As Hulhumalé continues to expand as a residential and commercial hub, the demand for adequate parking solutions has become a pressing issue. The introduction of these parking structures is expected to significantly ease the current strain on parking facilities, contributing to the city's overall infrastructure development.

The HDC's commitment to prioritizing innovative and sustainable solutions in urban planning is evident in this latest project, which aims to enhance the quality of life for residents and support the city's continued growth.