PETALING JAYA: ITMax System Bhd
’s subsidiary, Southmax Sdn Bhd, has been appointed by the Tangkak District Council (MDT) as the smart parking operator, managing 5,113 street parking bays that are currently gazetted by MDT in the Tangkak district.
In a statement, ITMAX said the contract, effective from Sept 1, 2024, is for a duration of 15 years.
Similar to ITMAX’s other smart parking contracts, it will operate under a revenue-sharing model, with Southmax receiving 70% of the revenue generated from parking collections and parking compounds in the MDT area.
“We are delighted to secure our third smart parking contract in Johor. This marks another significant step for us in expanding our smart city solutions.
“By leveraging our integrated technology suite, we aim to provide an efficient and user-friendly parking management solution for the Tangkak district,” managing director/CEO William Tan Wei Lun said.
