Under a pilot project, parking metres would be fixed along the Duplication and Galle Roads and all by-roads connecting the two main roads.
The tender of the 6-month project had been awarded to a private company.
The initial phase will see to the installation of 125 parking metres along both roads and is scheduled to begin in January.
The new system would have facilities for motorists to pay by cash, card or other payment systems.
Forty percent of the income would be given to the Municipality, while the company would take the 60 percent.