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China TransInfo wins Shandong ETC contract

China TransInfo Technology Corp - a provider of transportation information systems in the People’s Republic of China - has announced that it has been awarded an Electronic Toll Collection (ETC) contract in Shandong Province valued at approximately US$700,000 (RMB 4.8 million). According to the contract, the company will provide roadside ETC antennas for 39 roads and 4,000 onboard sensors for the Highway Toll Settlement Center of the Shandong Province Department of Communications. The antennas will be installed near highway toll stations in order to electronically deduct toll fees from cars fitted with onboard sensors. The system is designed to make the deductions without requiring cars to stop or slow down.

At the end of 2008, Shandong Province had 4,285km (2,663 miles) of highway, ranking second in China’s provincial highway network. In the same time period, civilian vehicle ownership was approximately 6 million, of which 1.7 million were private cars. “We are delighted to win our second ETC contract, following our first in Zhejiang Province,” says Shudong Xia, chief executive officer of China TransInfo. “This contract reflects our leading technology and brand. As one of the four companies that possess commercial experience in the ETC market, we are confident that we can further expand our footprint to additional provinces and municipalities in the near future.”
 

December 3, 2009

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