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PIDE Proposes Parking Fees in Busy Areas of Islamabad
In a study published on Wednesday, the Pakistan Institute of Development Economics (PIDE) suggested that in order to lessen traffic in the federal capital, there should be paid Parking.
Free parking encourages car use beyond what is ideal, according to Dr. Idrees Khawaja, a former PIDE Chief of Research, who made this statement during the report’s launch event.
To ascertain the “demand and supply of parking” for a trial parking scheme, the institute’s team examined 66 parking spaces in 17 prominent Islamabad markets.
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According to the poll, there were more people looking for parking than there were spots available at different locations throughout different times of the day, which required drivers to spend more time and gas money looking for a spot.
69.3% of drivers in a survey at specific locations said they would be willing to pay for parking.
The study recommended automobile and motorcycle parking stalls, buffers, sidewalks, frontages, crosswalks, ramps, bollards, vegetation medians, and green parking stalls for parking lots and other designated parking areas.
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It recommended setting up parking metres, which would be monitored by CCTV cameras and augmented by traffic wardens, as well as a parking app to collect payments.
For parking fees, the study recommended a flat rate of Rs. 30 per hour. Three price possibilities were offered by the PIDE report:
- Fixed cost for parking cars, independent of the time of day or length of stay.
- Peak pricing during when parking costs are highest.
- Parking fees have a durational increase in marginal pricing.
With these fees, 30 parking lots across seven locations will generate Rs. 51 million in net revenue per month after all expenses. It would also ease the traffic flow greatly in busy areas, the report added.
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