2. Today adding parking spaces to developers is a liability The challenge is to turn this liability into an added value

3. People have to pay daily or monthly rates to park their cars and cannot buy parking slots for two reasons: a.       Lack of availability b.      High upfront disbursement

4. The questions addressed: How to address and solve both points mentioned here above?

5. How to provide something positive for the economy and a solution for traffic and parking space, especially that we are in a capitalist market driven by private sector initiatives?

6.  How to transfer this untapped demand into a positive cycle that will incentivize the developers to build parking spaces that address the problems of circulation, pollution and safety?

7.  A soft loan from a bank has similar impact on the end-user in terms of monthly payments with the added value of property ownership at the end

8. For developers, the parking space becomes a property product that can be sold and leased

9. Parking Cars in Beirut Difficulty of Car Parking in Beirut
Beirut’s Visitors Parking their Cars
Beirut’s Residents Parking Their Cars

10. Difficulty of Car Parking in Beirut

11. Beirut’s Visitors Parking Their Cars

12. Beirut’s Residents Parking Their Cars

13. Municipality of Beirut undertaking measures to include additional parking spaces
2000 parking spaces under Martyr's Square (delayed for many reasons)
Acquiring 9 new properties around Beirut especially in most congested neighborhoods
Those properties range between 1500 sqm and 2000 sqm to build high rise parking lots on each plot
2 parking lots were built under public schools (currently operational at full capacity)

14. Valet Parking
Uninsured
Unregistered
Distrust
Insecurity
Park on roads

15. Public Parking Financing

16. Public Parking Financing
Personal loan
Furniture loan
Car loan
Travel loan
Housing loan
Fertility loan
Student loan
Wedding loan
Dental heath loan
Appliance loan
Plastic surgery loan
Parking loan

17. How to turn figure A into figure B
Demand
Offer
Demand
Offer
Figure A
Figure B

18. Figure A Analysis Existing demand No Offer
One million cars in Beirut everyday
Few available public parking spaces
Gridlock caused by time spent looking for parking spaces
Demand for secure parking spaces
No Offer
Lack of incentive for consumer to buy public parking
No facilities offered by banks in the form of retail soft loans
Lack of incentive for investor to develop parking lots for sale

19. Proposed Cycle Step 6 Step 4 Parking slot purchasing Step 2
Lack of consumer’s mean
Step 6
Parking slot purchasing
Step 2
Bank loan offers
Step 5
Consumer loan
Proposed Cycle
Step 4
Project
Implementation
Step 3
Developer confidence

20. Benefits of Public Parking Soft Loans
For consumer:
Provide monthly parking subscribers with long term investment incentive
Provide low interest, long term payment facilities
Provide opportunity for consumer to lease purchased parking slot
Provide acquired and secure parking spaces
Provide long term solution for individuals

21. Benefits of Public Parking Soft Loans
For Investor:
Increase in investment opportunities
Increase demand for public parking facilitated by soft loans
Parking space no longer a liability for investor, rather an added value
Encourage investor to build more parking spaces
Provide more job opportunities
Less traffic in congested neighborhoods

22. District S believes the solution to parking spaces is a simple formula
soft loans + demand = increase in supply & purchase