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Parking like transportation problem of St. Petersburg
May 30, 2011 15:23

Lack of parking lots in St. Petersburg is a real problem: drivers have to park their vehicles in the streets, yards and grass plats. Multistory car parks might solve it, and St. Petersburg calls for investors for 16 such projects. However, some people aren't sure that multistory car parks in St. Petersburg can be interesting for investors and attractive for car owners. Why?

Constructing of multistory car parks cannot be attractive for investors because of long period of repayment: for Russia it is 8-10 years. To compare, payback period for dwelling house is 1-2 years. Moreover, such car parks are usually constructed as a part or essential addition to residential compound or trade center.

Consumers are also not interested much in good multistory car parks if they are situated 1-2 kilometers from their home. Even if it is in the neighboring quarter, liquidity of such parking is very low. But there is a possibility to rent parking places instead of selling. This could be suitable for the people, while nobody will buy a garage which is situated far from home. This will however work if parking owner offers a good rental rate. In this case multistory parking can pay off in 10 years, if all parking places would be sold in 2-3 years.

What about optimal placing of parking, there are a few opinions. First is to locate all of them in the city center, where the traffic is the hardest, for example, in Petrogradsky and Admiralteysky districts and Vasilyevsky Island. Others say that the best place for multistory car parks is new districts with compact planning built during the last 10-15 years. From one hand, projects of these residential compounds did not involve enough parking places. From another hand, tenants of such districts have rather high income and many families have more than one car.

What about amount of stores, here the experts are more or less solid: amount of stores should be 3-5, not more. According to data of polls, consumers prefer not to go up and down more that 3 levels. 3-4 levels are comfortable and rapid in exploitation. More than 5 levels make exploitation of car park time taking and sophisticated. What about alternatives to constructing more and more multistory parks the experts are also agree: a good alternative is to ban building of shopping and business centers without many enough parking places.

All in all, creating 500 thousand parking places within 5-7 years is possible, the main problem is attractiveness for investments. Otherwise, Cultural Capital of Russia is going to have transportation troubles like Moscow already has. The main streets are full of parked cars, disturbing very hard traffic. It is ridiculous, but Russian megalopolises don't correspond neither with European nor with Americano-Canadian models of transport development. European variant includes restrictions for car traffic in cities and development of public transport and its alternatives, like bicycles. Americano-Canadian pattern includes development of infrastructure for cars, while public transport is not advanced. In Russia, and especially in St. Petersburg, neither public transport nor infrastructure for cars can be called advanced.


Author: Yulia Buzykina

Tags: St. Petersburg car parks traffic public transport  

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