Subang Jaya appoints ITMax unit as parking operator for 10 years

 The company will retain 50% of revenue generated from parking-related collection under the concession, which has an option to renew for 5 years.

Selmax Sdn Bhd, a subsidiary of ITMax System Berhad, has been appointed to manage parking operations in Subang Jaya on a 10-year revenue-sharing concession.

PETALING JAYA:

 The Subang Jaya city council has appointed Selmax Sdn Bhd to manage parking in the city under the Selangor intelligent parking system, Selmax’s parent company ITMax System Berhad announced today.

The appointment is for 10 years, with an option for a 5-year extension, on a revenue-sharing arrangement in which Selmax will receive 50% of the revenue generated from parking-related collection.

ITMax chief executive William Tan said Selmax will be responsible for deploying, managing, and operating all gazetted car park spaces under MBSJ’s jurisdiction.

He said the company’s smart parking solutions had achieved success in other cities. “This initiative is also aligned with Selangor’s broader Smart City agenda, and we are proud to play a role in driving its digital transformation in cities with an integrated smart city infrastructure,” he said in a statement. - FMT