Business

$7.2 million central business district parking lot coming

ESTHER MSETEKA, Lusaka
IN VIEW of the expanding commercial base and an increase in motor vehicles operating in the central business district (CBD), National Housing Authority (NHA) intends to construct a parkade at a cost of US$7.2 million.

NHA director of projects Anderson Zulu said the construction of a multi-storey parking garage will start immediately the authority acquires cheap capital.
Mr Zulu is optimistic that once constructed, the parkade will ease business activities for tenants occupying the authority’s commercial properties in the CBD.
He said in an interview at the just-ended 91st Agricultural and Commercial Show that the firm manages Kulima Tower, Zimco, Findeco and Indeco houses.
“NHA has been losing tenants due to lack of parking and also vending that is taking place around these premises. However, to create more parking space and clear vendors, we have come up with a parkade, which is already in our business plan.
“We are looking at the location where there is Findeco and Indeco because there is a Sapele car park, which our tenants use. We want to develop this area into a parkade at a cost of US$7.2 million,” Mr Zulu said.
He is hopeful that the parking fees that the authority will be collecting will help in repaying the loan.
Mr Zulu said NHA is also designing affordable and lockable vending booths to help keep the city clean.
Currently, vendors sell their merchandise in undesignated places, hence the discriminatory throwing of garbage in the CBD.
Mr Zulu said the authority is working with Lusaka City Council and Zambia Railways to ensure that the parkade and booths are successfully implemented.
“With the vending booth, our target is to sell it below the manufacturing price estimated at about K20,000 but if we partner with more people the cost might drop to even K10,000, otherwise these are just preliminaries,” he said.

 

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