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BULAWAYO City Council (BCC)’s partnership with parking company Tendy Three Investments (TTI) saw the two entities raking in over US$600 000 from parking fees and vehicle clamping in the eight months to the end of August this year.
This was revealed by BCC’s finance and development committee chairperson Mpumelelo Moyo during the presentation of the 2025 budget and the review of the 2024 budget last Friday.
On the parking management system, Moyo said council entered into a partnership with TTI to manage the 7 200 parking bays in the city.
“In 2024, council received an income amounting to US$612 517, R281 466, 4 695 pula and ZiG1 673 421 as at August 31, 2024.
These funds have been applied to improvement of parking areas with over 5 200 parking bays having been marked to date,” Moyo said.
“Council stands guided by the Urban Councils Act [Chapter 29:15] sections 189 to 190 on this project on usage of the parking fees.”
BCC contracted TTI in 2022 to manage the parking system under the US$2 million public-private partnership (PPP) tender based on the build, operate and transfer agreement which the local authority said was aimed at creating revenue for and
providing employment to hundreds of residents of the city.
TTI (Pvt) Ltd started collecting parking fees under the first phase of the PPP arrangement on February 18, 2022. (Southern Eye)
Online Reporter