Tbilisi City Hall to Abolish Contract with C.T. Park

Tbilisi Mayor Kakha Kaladze says that City Hall is going to cancel its contract with the parking regulatory company C.T. Park, which currently has exclusive rights to manage parking in the capital.

At a press-conference on March 13, the Mayor stated that the company is failing to fulfill its obligations, and stated that the agreement with them will be abolished from April 10.

“The goal of our new transport policy is to reduce the role of cars and increase public transport and pedestrians. This means setting up a fair parking system and reducing traffic congestion in the city. I will not put up with an irresponsible approach and improper fulfillment of responsibilities from any company. This is why we are abolishing the contract with C.T. Park,” Kaladze announced.

The contract between the City Park Company and the Mayor’s Office was signed under the previous Government in 2007, giving the company exclusive rights to manage parking services in Tbilisi until 2022.

According to the international auditing company Ernst & Young, the annulment of the agreement will cost the Mayor’s office 25 million GEL in expenses, a huge sum for Tbilisi's budget.

However, as media reports, the court will decide the final penalty City Hall will have to pay to break the the contract.

By Thea Morrison