Parkrite Zambia
Parkrite Zambia

The Lusaka City Council has terminated the contract entered into with Parkrite Zambia for the management of public parking spaces in the Lusaka Central Business District.

In 2016, LCC surrendered public parking places in the CBD to a private company, Parkrite Zambia Limited.

The company promised among many other progressive ideas to introduce is a prepaid parking system to the general public.

A statement from LCC said Parkeite has failed to remit revenue collected from the venture.

“In 2017, the company raised k970, 000 from motor vehicle parking spaces in Lusaka from the time it began operating, company Chief Executive Officer Withur Musanda announced then. Despite the private company raising K970,000 from motor vehicle parking spaces in Lusaka, no payments were made to the local authority,” LCC Spokesman George Sichimba announced.

Mr Sichimba said the company has been managing and collecting fees as well as enforcing parking by-laws including all on-street and off-street parking spaces.

“The places include Intercity Bus Terminals and Independent Parking Lots owned by Lusaka City Council in the Central Business District (CBD). Lusaka City Council wishes to announce to the general public that it has parted ways with Parkrite arising from two developments.”

“Firstly, the Zimbabwean shareholder has parted company with the European shareholders who have pulled out of Parkrite has led them to have no financial capacity to run the contract. Secondly, from the time the contract was signed, Parkrite has not remitted any profits to the council as per agreement “ he said.

He added, “The local authority is also aware that Parkrite has engaged council employees in the legal department in an attempt to garner support on technicalities in order for the council to compensate the parking company. It is worth noting that Parkrite has only been declaring annual loses and their resolve to go to court is meant to be compensated on the ‘loss of business’ clause.”

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8 COMMENTS

  1. This contract was flawed from the beginning. There was no tender floated and this company was awarded this contract amidst a lot of controversy with allegations of corruption at the council. Now everything is out in the open.

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    • Same as Zambia has parted ways with PF ministers, for not remmiting development despite raising funds as per Cabinet Secretary.

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  2. They are crooks, they conned the Zambian company who came up with the project to be JV partners then arranged to sideline them with council officials. It’s a fraud right from the start and the payments are made to known Councillors and council staff. There should be a detailed investigation or tribunal where all the evidence and fraudulent process should be exposed.

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  3. These are just PF cadres. From now onwards dont pay out any money to any chap.

    You are better off paying those street guide boys than these pf fake companies like park rite

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  4. It’s what it is…..really I wonder the thinking of those with powers that be….really??you engage a firm to do business using your established infrastructure if any, then you expect them to be truthful than you are, or trust them with money more than yourself…oh come on….they are only human, what did you expect….it’s like marrying a beautiful wife, you maintain her appearance,then you assign someone else, your fellow man to look out for her….as in really…are you for real???

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  5. The same is coming with Toll gates…you build using people’s money as in public money cause it’s taxpayers paying for those debts….then you engage someone, an individual ” private management company”who doesn’t give a damn than ripping high on the infrastructure they never put a dime…..and you expect profits from them….how….????how do you ask for profits on business you have no control of it’s revenue flows and running expenses???actually it’s broad daylight stinking corruption disguised as”independent management company”….it’s a ka new term to siphoning cash from sleepy Zambians….rubbish!

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  6. Very foolish n stupid of the LCC. LCC is the richest institution of the nation but you want to behave like beggars. Pull up your pants and get to work.

    BA Miles Sampa please correct things in the LCC that is y you were elected to be mayor instead of singing about free WiFi

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  7. Give a contract to a Zambian company and I can assure you there will be no remittance of money to the local authorities. I wonder if all the monies collected from toll roads are being remitted to govnt. Zambiansn can do well if their mindsets are upright. I wonder why there is a huge outcry about contracts being awarded to Chinese companies..the difference is the chinese will deliver the services but zambian companies wont!!!

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