ITMAX unit to operate smart parking in Kulai


PETALING JAYA: ITMax System Bhd, via its subsidiary Southmax Sdn Bhd, has been appointed by Kulai Municipal Council as the smart-parking operator for Kulai area.

In a statement, ITMAX said that under Phase 1, Southmax will operate the smart-parking system for 3,974 street parking bays across 28 locations in Kulai.

The appointment, effective Aug 1, 2024, spans a duration of 15 years. Under a revenue-sharing model, Southmax will receive 70% of the revenue generated from parking collections and parking compounds through its application Parkmax@JOHOR.

ITMAX managing director and chief executive officer William Tan Wei Lun said the contract marked the company’s second appointment as a smart-parking system operator in Johor.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Why Fed rate cuts matter to world markets
Asian equities, currencies gain, focus shifts to Fed's policy meeting
Hong Kong stocks retreat on weak China data
Thai baht is too strong and impacting exports, minister says
Gold hits all-time high on deeper Fed rate cut expectations
PwC making investments for 'high quality' business in China, internal memo says
MPOB achieves 70% mapping coverage of oil palm smallholders in its nationwide plantation project
Oil prices inch up on Fed rate cut outlook
ALPS Global aims to raise US$100mil via Nasdaq IPO
Asia stocks on tenterhooks as Fed faces crunch time

Others Also Read