Kapsch TrafficCom Secures $32 Mln Contract To Complete Phase 2 Of The Complete 540 Project
(RTTNews) - Tuesday, Kapsch TrafficCom AG (BZ6.F) announced that the company has secured a $32 million contract from the North Carolina Turnpike Authority to complete Phase 2 of the Complete 540 project.
The contract covers design-build work followed by a multi-year maintenance and operations term.
Under the contract, the transportation solutions provider aims to deliver a reliable tolling experience across ten more miles of North Carolina roadway.
Kapsch's stock was trading at 3.99 euros, down 0.75 percent on the Frankfurt Exchange.
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