Encouraging Private Investment for Developing Multi-storey Car Park at Relevant Locations
- A multi-level car park is a manual or automated facility that houses several vehicles on every floor. The idea behind constructing a multi-level building is to maximize car parking capacity space.
- In Lagos metropolis vehicle parking is up-surging as a big problem. Since the population is increasing leading to a higher number of vehicles, however, the parking space is yet same which has created a headache to park our vehicles. People end up parking their vehicles along the roads further leading to traffic jams.
- Since the population is increasing at a rapid rate along with an increasing number of vehicles, the need of the hour is to make proper arrangements using modern technologies to cater to the growing demands of parking.
- As a solution, private investors are encouraged to build multi-level car parking facilities for motorists in places such as:
- Shopping Malls– Lagos has some areas which are dedicated to fulfilling shopping needs. And yet, such areas almost always have poor parking facilities which become obvious during festive seasons.
- Business and commercial areas – These areas are the worst offenders when it comes to parking. Cars and motorbikes are squeezed into any space which can be found, with scant regard for other motorists and the traffic situation
- Residential projects areas – With increasing disposable incomes, many households can now afford two cars. This means that the single space allocated for parking at the time of home purchase is no longer sufficient and as such, private residential parking lots and garages can also be a secure investment in particular parts of metropolitan Lagos.
- As land in urban areas of Lagos becomes scarce, conventional parking is proving to be non-feasible. Building a multi-level car park helps in the effective utilization of available space and gives users the flexibility to use the facility at any time. As the facility requires less space, it leaves a lot of open space for landscaping, creating a healthier environment for residents. In addition, it reduces the possibility of disputes over parking space.
- A multi-level car parking system results in optimum space utilization as multiple cars can be parked in the same amount of space. It also comes with lower maintenance, operational, and construction costs. It is also environment-friendly as it leaves more open spaces for landscaping and greenery. By parking in specified areas, cars no longer block crucial roads, thus reducing traffic congestion. Moreover, such a system also enhances the security of the vehicles, and the benefits to car owners, drivers, pedestrians, and investors are all too clear.
