City of Durango considers PPP for mega car park
Date
February 18, 2016
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The City of Durango in Mexico is considering using the PPP model to fund a mega car park project.
The project will be located under the IV Centenario square and the objective of the project is to provide with car parking space after the center of the city became more a pedestrian area. The project will have three stories underground with capacity for 700 vehicles.
The project investment is estimated at P280 million (around US$18 million).
The state Secretary of Communications and Public Works (Secope) is in charge of developing the project.
A government spokesperson said that using a concession is a possibility. However, the government is also considering a mix of public and private funds to develop the project.
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