Saskatoon, SK – International Road Dynamics (IRD) has announced that its wholly-owned subsidiary, International Road Dynamics South Asia (IRDSA), has been awarded two contracts from leading Indian concessionaires for the design and implementation of integrated tolling and traffic management systems.
The first contract, awarded by Madhucon Projects Limited (MPL) is to set up a tolling plaza and provide an integrated traffic management solution in Tamil Nadu in south India. The second, awarded by a consortium led by SREI Infrastructure Finance Ltd (SIFL), is for the implementation of tolling solutions at three connected toll plazas in India’s Madhya Pradesh Province. The cumulative value of these two contracts is approximately CAD$1.5 million.
“We are very pleased with the progress IRDSA is making in this rapidly-growing market,” commented Terry Bergan, IRD president and CEO. “So far in 2009, we have been awarded approximately $7 million in contracts in South Asia in 2009 and we are looking forward to capturing further business in the region.”
“This is the fourth consecutive contract awarded by MPL to IRDSA, a testament to our hard work, cost-effective solutions, and ongoing investment in these growing Southeast Asian markets,” added Aman Kishore, managing director of IRDSA.
IRDSA is a market leader in tolling and traffic management located in New Delhi, India. IRDSA is associated with approximately 800 toll lanes across the country and works with almost 80% of Indian concessionaires. IRDSA is the only ITS company with a country wide (PAN-India) presence and strong operational hubs in the majority of states across the country.
