CGI Reveals Its Selection By The City Of New York For Maintenance Of The STARS Parking Violation System
Portfolio Pulse from Benzinga Newsdesk
CGI has been selected by the City of New York to maintain the STARS Parking Violation System under a new five-year contract, with an optional two-year renewal. This partnership with the city's Department of Finance will handle adjudication, payment, and collection processes for parking and camera violations, generating over C$1.3 billion in public revenue annually.
August 13, 2024 | 10:34 am
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CGI has secured a significant contract with the City of New York to maintain the STARS Parking Violation System, expected to generate over C$1.3 billion annually in public revenue.
The new contract with the City of New York is a significant win for CGI, likely to enhance its revenue stream by over C$1.3 billion annually. This partnership underscores CGI's capability in handling large-scale public sector projects, which could positively impact its stock price in the short term.
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