Serco Group plc (SRP.L) announced that it has been awarded a new contract to integrate and operate Virginia Department of Transportation's or VDOT transportation operation centres, manage the Safety Service Patrol, and develop and implement a state-wide advanced traffic management system.
The company said the contract has a six-year base period valued at $355m and three two-year option periods. Work is expected to begin during the third quarter of 2013.
Following yesterday's approval by the Commonwealth Transportation Board, Commissioner Gregory Whirley signed the Transportation Operations Center and State-wide Advanced Traffic Management Systems contract, Serco stated.
Under this contract Serco will support VDOT as it moves from its existing traffic management systems to a single advanced, real-time, state-wide solution that oversees 57,000 miles of roadway.
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