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Published:
Last Updated:
15 Dec 2019

Bhutan: Thimphu Parking

PPP Brief

Thimphu City, the capital of the Kingdom of Bhutan, is growing fast and faces severe congestion. To address the challenges, the government developed a ‘Bhutan Transport 2040 Integrated Strategic Vision, which includes improving parking services in order to alleviate traffic congestion and facilitate mass urban transportation.  As a result,Thimphu Thromde (Thimphu City Municipality), partnered with IFC to develop multi-level off-street parking facilities. The PPP will create an additional inventory of
at least 550 parking spaces, mobilize about $8 million of private sector investment, and generate annual revenues of  US$230,000.

Info

References

Knowledge Lab
Bhutan
PPIAF
Bhutan
Knowledge Lab
Bhutan

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