Arrangements have begun for the establishment of a 300 plus multi-storey car parking complex for the Kumasi Metropolis, Mr Maxwell Kofi Jumah, Metropolitan Chief Executive announced on Thursday.

Presenting his first sessional address at a meeting of the Kumasi Metropolitan Assembly (KMA), he said negotiations have reached an advanced stage with the Merchant Bank and ECOBANK to fund the project whose, sketch designs have been completed.

Mr Jumah said additionally, Messrs Kesben Travell and Tours private tour operators in Kumasi have also presented proposals to redevelop the sanitary site near the Vanef/STC into multi-storey car park complex and modernised toilet system.

He said most of the on-street parking areas in the central business area were also to be converted into toll parks adding that other parks were being proposed at the Central Market.

Mr Jumah told the assembly that the Central Market project, which has remained on the drawing board for some time now, was to take off and that all the architectural designs have been completed.

It involves creating additional floor space, provision of parking and other facilities that should transform the market into a modern shopping centre, he said.

Mr Jumah added that this project would be pursued alongside others to achieve the objective of decongesting the central business district, adding that already the assembly has received enquiries from possible financiers.

On revenue generation, Mr Jumah hinted at abrogating the contract with some private institutions that collect revenue for the assembly saying that it has not helped the assembly in anyway.