2013

A Project Plan on Multi-Storey Car Parking

A Plan by Aiman Jan Chowdhury 3/18/2013

Assignment On Project Plan Course Code: 503 Prepared for :

Md. Mosharref Hossain Assistant. Professor, Bangladesh Institute of Bank Management.

Prepared by:
Aiman Jan Chowdhury Batch- 16th ,BIBM 161227

Bangladesh Institute of Bank Management, Mirpur-2,Dhaka Date of Submission- March 18, 2013

Executive Summary
Now a days car parking has been one of the major problems urban areas have been confronting with. For example in Dhaka city number of cars are increasing day by day. But the parking lots or parking areas are not increasing proportionally. As a reason traffic jam is getting severe and the overall traffic condition is deteriorating. This calls for multi storey car parking system which can be extremely beneficial in this situation. A multi-storey car-park (also called a parking garage, parking structure, parking ramp, parkade, parking building or parking deck) is a building designed for car parking and where there are a number of floors or levels on which parking takes place. It is essentially a stacked car park. Many car parks are independent buildings dedicated exclusively to that use. The design loads for car parks are often less than the office building they serve (50 psf versus 80 psf), leading to long floor spans of 5560 feet that permit cars to park in rows without supporting columns in between. The most common structural systems in the United States for these structures are either prestressed concrete concrete double-tee floor systems or post-tensioned cast-in-place concrete floor systems. In recent times, car parks built to serve residential and some business properties have been built as part of a larger building, often underground as part of the basement, such as at the Atlantic Station redevelopment in Atlanta. This saves land for other uses (as opposed to a parking lot), is cheaper and more practical in most cases than a separate structure, and is hidden from view. It protects customers and their cars from weather such as rain, snow, or hot summer sunshine that raises a vehicle's interior temperature to extremely high levels. Underground parking of only two levels was considered an innovative concept in 1964. Car parks which serve shopping centres can be built adjacent to the centre for easier access at each floor between shops and parking. One example is Mall of America in Bloomington, Minnesota, USA, which has two large car parks attached to the building, at the eastern and western ends. A common position for car parks within shopping centres in the UK is on the roof, around the various utility systems, enabling customers to take lifts straight down into the centre. Examples of such are The Oracle in Reading and Festival Place in Basingstoke. Parking structures are subjected to the heavy and shifting loads of moving vehicles, and must bear the associated physical stresses. Expansion joints are used between sections not only for thermal expansion but to accommodate the flexing of the structure's sections due to vehicle traffic. Seismic retrofits can be applied where earthquakes are an issue. Some parking structures have partly collapsed, either during construction or years later. In July 2009 a fourth-floor section failed at the building in midtown Atlanta, pancaking down and destroying more than 30 vehicles but injuring no-one. In December 2007, a car crashed into the wall of the deck at the SouthPark Mall in Charlotte, North Carolina, weakening it and causing a small collapse which destroyed two cars below. On the same day, one under construction in Jacksonville, Florida collapsed as concrete was being poured on the sixth floor.In November 2008, the sudden collapse of the middle level of a deck in Montreal was preceded by warning

signs some weeks before, including cracks and water leaks.Parking structures are generally not subject to building inspections after being checked for their initial occupancy permit. So far there is no automated, full fledged multi storey car parking in our country which is very essential for busy, densely populated urban areas with exuberance of vehicles, more precisely in industrial/commercial areas. If we succeed to establish a well designed and well maintained multi-storey car parking, it will be beneficiary for the traffic system of the country at the same time will lead to considerable profit.

Project Background
General Company Description Company: Auto Bank Car Parking Business type: Service Location: Banani TAG: You are not a hustler Goal: Reduce the unsystematic car parking in order to restore the free space of Dhaka city

Management and organization:1. Aiman Jan Chowdhury (CFO) 2. Golam Rifat Bhuiyan (Consultant) 3. Mohi Uddin Sabbir (Management) Present Parking Situation: Cars parked in front of high-rise buildings and commercial establishments. Commercial establishments with no parking facilities or limited facilities. Parking spaces are being used for commercial purposes

Deadlock traffic situation Sadeque Hossain Khoka :-"If the Dhaka City Corporation sets up some car parking centers in some commercial areas across the city, it will definitely help ease traffic congestions. Reduction in illegal Parking

Opportunity in parking business Reduction in illegal Parking Ensuring maximum use of road

Opportunity in parking business A Developing county and its capital city Scarcity of parking space Lack of parking security Ensuring the traffic law Demand for the systematic car parking

Marketing Plan Market research Segmentation and targeting Detailed outline of the product or service Unique selling points Chosen pricing strategy Promotional plans Distribution strategy (including online) Customer service strategy Market Structure and Analysis

Target Customer Corporate Organization Car Owner

Guests and any Individual Taxi Cab Company Delivery Van Private universities Marketing plan

Features: Car parking facility Roof top Restaurant Online booking facility Online car tracking Permanent rental parking service Automated Car wash facility CC Camera for better security

Promotional Plans Environmental project (going green). Public and private partnership. Promotional strategy. The organization will have their own Web Site to contact with their entire target customer by giving mail. Online Booking Marketing Strategy

Space Distribution Strategy

On the spot 50% Fixed 20% By online (Maximum 30% car)

Market size and Potential The potentiality of the multistoried car parking is very high and the market is very big like for our project our target market is Banani, Gulshan, Mohakhali, Motijheel and other commercial areas. Financial Plan

Financial Analysis
Per day income 1st hour = 50 tk * 170 = 8500 tk

2nd hour = 30 tk * 170 = 5100 tk 3rd hour = 20 tk * 170 = 4th hour = 10 tk * 170 = 3400 tk 1700 tk.

Rest of hour will be charge 10 tk = 18700 tk per floor

Total earning

Source Of Financial Investment The project will financed by Lanka Bangla Finance and Government of Bangladesh. (PPP- Public Private Partnership) Ratio: 50% : 50% Share. The project duration : 2 years Financial Plan 1 katha = 720 sft

Land for the the project = 20 katha So the total sft. is => 20 *720 =14400 sft. Leave space => 14400 * 20% = 2880. Total space => 14400-2880=11520 sft

Financial Plan Common space, rest room, waiting room, restaurant, stairs, lift for public = 3000 sft. Total space for project = 2880+3000- 14400= 8520 sft. Per car required space = 50 sft Total capacity = 8520/50= 170 (50car) Financial Plan (Cont.)

Per car required space = 50 sft Total car parking capacity = 8520/50= 170 (50car) Cost for making per sft. is = 3500 So total cost = 11520*3500= 40320000*(6 floor)=241920000 BDT 2 Lift cost = 2 core Total decoration= 1 core Financial Plan (Cont.) So total earning in 6 floor 18700 * 6 = 112200tk Earning from 240 (1 year) day = 112200*240= 26928000 tk. Maintenance Per year = 5000000tk. Total earning = 26928000 - 5000000 = 21928000tk Return on asset = 11.034 year
Amount in Taka Particulars

a) b)

Fixed cost
Variable cost/ operating cost/ working capital

2000000 3000000 5000000

Grand total

Total fixed cost over the entire project period as per the following table:

Heads of expenditures/ Items of cost i) Pre-construction expenditures: a) Land lease value b) Preliminary expenses c) Preoperative expenses Sub-total of I ii) Construction works: a) Building Structure b) land development c) Site development Sub-total of II iii) Machinery and Equipment a) Imported machineries b) Local machineries c) Installation and testing cost Sub-total of III iv) Other costs a) Furniture b) Fan, lighting, fittings Sub-total of IV Grand Total fixed cost (Total of I,II,III,IV)

Amount in Taka

Total

200000 50000 50000 300000 200000 200000 100000 500000 500000 250000 50000 800000 300000 100000 400000 2000000

Total variable/operating/recurring cost or working capital as per table below:

Heads of expenditures/ Items of cost i) Raw materials/ imputes: a) Cotton fiber b) Dye staff Sub-total of I ii) Human resource and training cost: a) Technician b) Operators c) Assistants d) Driver e) Storekeeper f) Guards g) Training cost Sub-total of II iii) Utilities (fuel, power, water etc.) a) Electricity b) Water c) Lubricant oil Sub-total of III iv) Other costs a) Packaging cost of cotton b) Conveyance d) Miscellaneous e) Spare and Maintenance Sub-total of IV Total variable cost (Total of I,II,III,IV) Means / source of finance:
a) Fund available from own resources

Amount in Taka 1000000 200000

Total

1200000 500002 2000010 100005 100001 200001 100001 10000 400000

238500 7500 4000

250000 250000 250000 300000 350000 1150000

3000000

10,000,00.00

b) Bank loan

40,000,00.00

Employment generation (Expected number of employment)

Types of employee

Number of employees 02 10 05 01 01 01

a) b) c) d) e) f)

Technician Operators Assistants Driver Storekeeper Guards Total

20

Who will be Benefited General public. Government. Private Organizations. Entire Society.

Environment: Play ground for children will be free from parking Law Enforcement. Insurance company. Additional Features Roof top Restaurant. Car wash at ground floor. Security by close CC camera. Insurance of asset. Signs and way finding - color coding, numbering, visual cues and even machines for making your ticket with your exact location to locate your car for easy retrieval.

FAQ for Investors Risk Involved People are not used to with this kind of service Political situation and government decision is unpredictable Unstable power supply solar solution going green This kind of project is not familiar in our country.

Possible Gains Every year number of car increasing Land Price Safety of valuable vehicles from possible damages and theft. Per capital income Future plan: Make it as a shopping center. No one is certain about the future every one can predict

Conclusion Its not just only a business that aims to make profit. First movers advantage is there. The project is expected to earn considerable profit and simultaneously socially beneficiary. So, weve told about the business, our team, the opportunity, etc. Now, we need qualified investors like you to invest. The bus spacious and roads will support the society to make our capital city free from traffic jam and will make it more livable.