On-street Parking - an Opportunity for Private Finance



On-street Parking - an Opportunity for Private Finance

Authors

TOMLIN P, Colin Buchanan and Partners, UK

Description

Local authorities in the UK have over recent years entrusted to private companies the task of enforcing some on-street parking regulations, in place of the Police and their Traffic Warden Service.

Abstract

Local authorities in the UK have over recent years entrusted to private companies the task of enforcing some on-street parking regulations, in place of the Police and their Traffic Warden Service.

A number of authorities are adopting new parking enforcement powers and expanding the role of the contractor. Such schemes have high start-up costs and authorities have normally sought to finance these from internal resources.

A new scheme to be introduced early in 1997 by Buckinghamshire County Council will take this one stage further - a new parking scheme in the town of High Wycombe, with the contractor operating under a "finance, build, operate" contract, with the contractor taking the financial risk that the project will be self-fimding and that a return on the investment will be forthcoming.

This paper outlines the direction for on-street parking enforcement in the UK and the use of the private sector in local government. Finally, the paper will set out the development of the High Wycombe Special Parking Area and how this will be contracted to the private sector.

Publisher

Association for European Transport