ITMAX System Berhad announced that its subsidiary, Southmax Sdn Bhd has been appointed by Tangkak District Council as the smart parking operator, managing 5,113 street parking bays in the Tangkak district which are currently gazetted by MDT.
The contract, which was effective from 1 September 2024, will be for a duration of 15 years. Similar to ITMAX’s other smart parking contracts, this will be operated under a revenue-sharing model, with Southmax receiving 70% of the revenue generated from parking collections and parking compounds in MDT.
