Telvent signs U.S. traffic contracts for $16 million

News Telvent August 31, 2006
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Telvent GIT S.A., the Global RealTime IT Company, recently announced that its U.S.-based traffic business, Telvent Farradyne, has signed several contracts totaling nearly $16 million to provide advanced traffic-management operations and maintenance services.

Telvent Farradyne signed a $12 million contract with the Virginia Department of Transportation to provide operations personnel, services and expertise for its Smart Traffic Center in the congested northern Virginia region over a five-year period. Training and performance measurement of the professionals are important aspects of this project.

The company also signed a $4 million contract with the Missouri Department of Transportation to provide operational support for its Gateway Guide traffic-management system in St. Louis. Telvent Farradyne will provide system operators and the operations supervisor for up to four years, as well as on-going training on incident-management techniques, new standard operating procedures and enhanced Traffic Management Center operational techniques.

"We are very pleased to be able to help these clients better serve the public by effectively operating and maintaining their traffic-management systems,” said Manuel Sánchez Ortega, Telvent's chairman and chief executive officer. “Telvent Farradyne is allowing us to accelerate our strategic plan of substantially expanding our world-wide traffic and transportation business and capitalize on identified growth opportunities."

Telvent Farradyne is now providing operations and maintenance services in Albany, N.Y.; Atlanta; Baton Rouge, La.; Kansas City, Mo. and Kan.; Nashville, Tenn.; New York City; northern Virginia; San Francisco; St. Louis; and West Palm Beach, Fla.

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