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We’ve signed the contract for the construction of four multi-storey car parks in Łódź

25-05-2020
We’ve signed the contract for the construction of four multi-storey car parks in Łódź

On 25.05.2020, Mota-Engil Central Europe PPP 2, belonging to Mota-Engil Central Europe S.A., signed a contract with the city of Łódź for the construction, design and operation of a multi-storey car park system in the city centre. The investment will be implemented in the formula of public-private partnership. Four locations in the city centre will provide 891 parking spaces:

- at Kościuszki Avenue 42 - 292 parking spaces

- at Wschodnia Street 62/64 – 263 parking spaces

- at Wschodnia Street 67 - 218 parking spaces

- at Tuwima Street 12 - 118 parking spaces

 

Łódź is a city where we have been carrying out our investments for many years - mainly from the real estate sector, but we have also been responsible for the construction of one of the sections of the eastern ring road of Łódź within the A1 motorway. Taking into account the number of private as well as public investments, including revitalization activities, we observe a growing demand for parking spaces in the very centre of the city. The construction of four new multi-storey car parks will surely contribute to the arrangement of public space, give a new quality of the city centre and improve the parking situation of the residents - says Marcin Podlecki, Board Member of Mota-Engil Central Europe PPP 2 Sp. z o.o.

 

The agreement will be valid for 29 years. After that time, the parking lots will become the property of the city. The next few months will be devoted to obtaining project financing and preparing documentation for building permit applications. The company will have a total of 48 months to close the financial, design and build the facilities.