One of the most pressuring challenges that local government (municipalities) encounter today is ‘how to balance the supply and demand of parking spaces’ under its limit. Parking is a necessary element of a city as it also influences a lot of many other factors such as mode choice, travel speed etc. With the help of MoUD benchmark of converting 50% of the on street parking into ‘paid parking’,municipalities can have a better parking management plan. It may even help to incentivize alternative modes of transport. To keep the maximum and minimum parking fee at 2:1 ratio is also important for avoiding congestion in the city core area where road right of way is smaller than the newer roads in the city.
· It indicates the restriction on free parking spaces for all vehicles in a city.· To cover at least 50% of on street public parking spaces under“paid parking”.
· To keep maximum and minimum parking fee difference to at least 2:1 (Parking rate to be computed two hourly).