PARKD’s (ASX:PKD) low-cost solution promises to transform the current parking model

• Of all the industries ripe for a sweeping overhaul, the car parking sector is certainly up there
• The number of registered vehicles in Australia has doubled over the last 20 years, but the availability of public car parks has failed to mirror the increase
• Enter PARKD — the construction technology company that’s developed a concrete modular, multi-storey car park structure known as the PARKD Car Park System
• The system features only three primary concrete elements, all of which are prefabricated off-site and offer significantly faster build times for less money
• It can also be designed with a range of add-ons, including electric vehicle charging, rooftop spaces for markets, and recreation or childcare services
• Australia is the most expensive country in the world in terms of car parking prices, and one of the company’s major goals for 2021 is to establish and operate its own low-cost car park

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