AUCTION: Lease Rights of Parking Site III, Drigh Road, Karachi

NOTE: This is an AUCTION/LEASE notice, not a procurement tender. Bidders pay the department to acquire ownership, lease, rental, or collection rights. Pakistan Railways is inviting interested parties to participate in the open auction for the lease rights of Parking Site III, located at Drigh Road, Karachi. The auction is being conducted for the financial year 2020-2021, and the successful bidder will be granted the right to operate and collect parking fees at this designated site. The auction will be held at the office of the undersigned on the specified date and time. Items being auctioned: - Lease rights for Parking Site III, Drigh Road, Karachi (reserve price: Rs. 1,660,000 per annum) The technical scope includes the management and operation of the parking facility, ensuring proper ticketing, security, and maintenance as per Pakistan Railways regulations. The site is strategically located and expected to attract significant daily traffic, making it a lucrative opportunity for experienced parking operators. Eligibility criteria require bidders to submit earnest money equal to 10 percent of the reserve price in the form of a pay order or CDR in favor of Divisional Superintendent, Pakistan Railways, Karachi. Bidders must also provide valid CNIC copies and proof of relevant experience in parking management, if any. All government taxes and applicable charges will be borne by the successful bidder. The auction will take place on 14 December 2020 at 11:00 AM at the office of the Divisional Superintendent, Pakistan Railways, Karachi. Interested parties are advised to arrive early and bring all required documents. For further details, the schedule and terms can be reviewed at the office during working hours prior to the auction date. A practical tip: Carefully review the terms and conditions, especially regarding the payment schedule and compliance requirements, to avoid disqualification during the auction process.