The Government has introduced new regulations governing parking buildings developed under public-private partnership arrangements, requiring at least 20 per cent of parking spaces in such facilities to be allocated for public parking.

The regulations, introduced by the Ministry of Economic Development, Transport and Trade, aim to reduce road congestion, increase parking availability, and improve access to garage facilities required for vehicle registration, particularly for two-wheelers.

Under the new rules, parking buildings developed through public-private partnership arrangements must include both private and public parking spaces. The regulations state that parking facilities must provide the number of spaces specified in approved building plans.

The rules also specify that no more than 80 per cent of total parking capacity may be allocated as private parking for two-wheel and four-wheel vehicles. At least 20 percent of total parking spaces must be designated for public parking, while a minimum of five percent of public parking spaces must be reserved for two-wheel vehicles.

The regulations further require parking buildings to be designed in a way that allows vehicles to move safely between floors. Operators must also establish safe systems enabling vehicles to access parking slots easily.

Parking slots must be clearly marked, including the display of vehicle registration numbers assigned to specific slots, unless smart technology systems are used to allocate parking spaces. Parking facilities are also required to install reflective directional signs and markings to guide vehicles within the building.

The regulations state that private parking spaces must be registered with the Transport Ministry, with a registration fee of MVR 300. Private parking spaces may only be leased for periods of at least eight years.

Parking operators are also required to prepare parking charts clearly identifying areas designated for public parking. In the Greater Malé Region, such charts must be submitted to the Transport Ministry for approval, while facilities developed in islands or cities outside Malé must obtain approval from the relevant council.

The rules further outline procedures for leasing public parking spaces for fixed periods as well as charging parking fees for temporary public use.

Eligibility to lease parking spaces includes Maldivian citizens aged 18 and above, registered businesses, and foreigners residing in the Maldives with valid visas.

The regulations state that fees for public parking spaces, including temporary parking charges and long-term lease rates, will be determined by the operator managing the parking facility.