The Kallioparkki parking garage will be built. Oulun Pysäköinti Oy has agreed to take responsibility for organizing and financing construction of the project. About a half of the funding is to come from local building owners wishing to obtain their government-mandated number of parking places in the area. Some of the costs will be financed as infrastructure debt guaranteed by the city of Oulu.
Construction of Kallioparkki is planned to start next spring or early next summer at the intersection of Uusikatu and Hallituskatu, the location of one of the entrances to the planned underground garage. Construction is expected to last two and a half years, so at very earliest the parking structure would be open by the end of 2014. In addition to the work at Hallituskatu Street, excavations will also take place near the Toriranta waterfront, where a second entrance will be located.
The work will start by drilling into the bedrock at the respective sites of the future entrances. The actual parking halls are to be quarried in 2013; they will approach each other from opposite directions and eventually unite. Before the two sites are unified, overall maintenance of the worksite will be done from Hallituskatu, and will take up about half of the block. After the sites are connected, presumably in late 2013, maintenance will be moved to the waterfront.
Oulun Pysäköinti Oy has made an investment plan for the Kallioparkki project, and the company will make a procurement decision at a shareholder´s meeting February 14th.
Oulun Pysäköinti Oy is owned by the city of Oulu, so the city council is the effective decision-maker. Only after the meeting will details about the implementation of the project be made available.