Conduent Implements I-64 Hampton Roads Express Lanes Tolling System For The Virginia Department Of Transportation
Portfolio Pulse from Benzinga Newsdesk
Conduent Incorporated (NASDAQ:CNDT) has implemented an Express Lanes tolling system for the Virginia Department of Transportation (VDOT) on a segment of the I-64 Hampton Roads Express Lanes. The system, part of a 2021 contract, includes dynamic pricing, automated license plate recognition, and vehicle classification technologies to improve traffic flow and reduce congestion. This segment is the first of four to be implemented, potentially expanding into a 45-mile Express Lanes network.
April 25, 2024 | 12:49 pm
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Conduent Incorporated has successfully implemented a tolling system for VDOT, showcasing its innovative technology solutions in traffic management and potentially strengthening its market position.
The successful implementation of the tolling system by Conduent for VDOT demonstrates the company's capability in delivering innovative traffic management solutions. This could lead to increased visibility and potential future contracts, positively impacting CNDT's stock in the short term.
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