The Hindu Business Line : Simplex Projects, Dutch co join hands for parking solutions

Kolkata April 19 The city-based Simplex Projects Ltd (SPL) has joined hands with EWW Verenigde Bedrijven B.V. of Holland for developing integrated total solutions for automated car parking, also labelled as "EcoSafe Parking'.

SPL on Thursday signed an agreement with the Dutch company for transfer of technology and technical information and specifications relating to design, construction, commissioning and installation of parking systems for projects in India and other South East and South Asian countries such as Singapore, Sri Lanka, Nepal, Bangladesh and Maldives. Under the agreement, SPL will have the exclusive right for such systems.

Briefing newspersons here after the pact signing ceremony, Mr R.D. Mundhra, Director, SPL, said EWW EcoSafe Parking, which has installed 32 underground systems in Holland itself, besides many more in other European countries, is a global player in this field.

The 20-million Dutch ToT partner, he said, has in-house technical expertise for technology upgradation on a continuing basis.

Mr B.K. Mundhra, CMD, said SPL's agreement with the Delhi Municipal Corporation, involved setting up of automated car parking systems in as many as six locations in the first phase, on a consultancy basis (involving a fee) for most of the projects.

These are Mehrauli, Lajpat Nagar, Ramlila Ground, Kamala Nagar and Hamilton Road. Three other locations have been identified for construction in the second phase. Hand-over of land, however, is yet to be completed.

Pointing out that no single entity can on its own execute all the projects, Mr Mundhra said the work, involving civil engineering and related work, is estimated to cost around Rs 90-100 crore. The company expects to add at least Rs 3-4 crore to its bottom line on each of the projects at different sites.

He said SPL was also in talks with New Delhi Municipal Corporation and Delhi Tourism Corporation for installation of such hi-tech parking systems in the National Capital Region. Talks with other municipal bodies of Mumbai, Bangalore, Chennai, Hyderabad and Jaipur are also.The company is now working on various models of financing and execution of work at each of these locations, and the total cost outlay is estimated at around Rs 500 crore.

Mr Mundhra said the company is also expecting some 3 to 5 more projects to come up in Kolkata, after the Loudon Street and New Market underground parking systems, with a facility to park some 200 to 300 cars at each location. The number will, however, be much more in big cities such as Mumbai or Delhi, where the car-parking requirement at each location could be between 800 and 1,200.

More Stories on : Alliances & Joint Ventures | Infrastructure | Cars

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Fire at membrane cell plant hits Travancore Cochin Chem output

Hotel Leelaventure plans $100-m FCCB issue

Tata to regain goods in HM factory

Alleged violation of wage accord by company

Zydus Cadila acquires Japan's Nippon Universal

Shareholders, creditors clear IPCL-RIL merger

Philips India eyeing buyouts for growth

Penalty on Tata Chem set aside

Praj entering into joint venture with Aker Kvaerner

Simplex Projects, Dutch co join hands for parking solutions

Workshop on academic interface

Meet on materials management

Nissan plans compact car segment entry

Dr Lal PathLabs plans laboratory for clinical research

Anil Singhvi may quit Guj Ambuja