In 1989 Parma City Council decided to provide a
network of car parks serving the city centre both
for the personal and exclusive use of residents
and for the regular use of the general public.
GESPAR prepared a financial scheme
which, without requiring public resources, enabled
the construction of about 2,000 parking spaces in
four different parts of the city over the following
two and a half years.
The financial and economic structure
of the operation is based on five elements:
- Private operators, as founders and
with totally private means, established a company
for the purpose which became the concessionaire
for nine areas.
- The concessionaire constructed underground
car parks in these areas and then transferred
about half the parking spaces to residents of
the city centre, while directly managing the remaining
half for the regular use of the general public.
- The concessionaire will recover its
investment over time through the part transfer
of parking spaces to private individuals and the
direct management of the rest for the
use of the general public.
- At the end of the ninety-year period of the
concession, the concessionaire will transfer
without charge all the car parks (including the
private spaces) to the ownership of the city council.
- The concessionaire has the duty to
take proper care of the car parks and maintain
them in perfect working order for the whole period
of the concession.