China TransInfo Technology, a provider of public transportation information systems technology and comprehensive solutions in China, announced it was awarded an intelligent transportation system contract in Zhejiang Province valued at approximately US$22.9 million, through its VIE Beijing UNISITS Technology (UNISITS) subsidiary.
China TransInfo Technology, a provider of public transportation information systems technology and comprehensive solutions in China, announced it was awarded an intelligent transportation system contract in Zhejiang Province valued at approximately US$22.9 million, through its VIE Beijing UNISITS Technology (UNISITS) subsidiary.
UNISITS will provide traffic engineering electronics and machinery (E&M) system design services for the Zhejiang Province portion of the 74 kilometer expressway that connects Huangshan City to Quzhou City. The contract is expected to be completed by 2011.
"The Chinese government's strong support of expressway infrastructure projects enabled us to win this intelligent expressway system contract in Zhejiang Province," said Shudong Xia, CEO of China TransInfo. "This contract reflects the synergy that we have developed with UNISITS. Given China's large budget for national expressway infrastructure and UNISITS' technology and brand in the market, we are confident that we can further expand our footprint to additional markets in China this year."