Saskatoon, SK – International Road Dynamics (IRD) announced today that its wholly owned subsidiary IRDSA (South Asia) has been awarded four contracts in India with a total value of approximately CDN$2.75m.
The first is a contract awarded by the Indu Group of Hyderabad, India to supply toll collection systems and highway traffic management systems (HTMS) along 40km of multilane highway under a build own and operate (BOT) contract. The project involves extended service and maintenance of the toll and HTMS systems subsequent to the project completion. The highway is already under construction and is expected to be opened within six months. The value of this contract is approximately CDN$850,000. The toll system includes IRD’s [email protected] system where weigh-in-motion scales are installed in toll lanes to monitor and control heavy trucks entering the highway. The HTMS system complements IRD’s toll solution by providing traffic information and enhanced safety with information signs, traffic monitoring and emergency call boxes.
The second is a contract for the supply of HTMS equipment on a 40km section of highway by the MVR Group, who had previously awarded IRDSA a contract involving the supply of toll system equipment for a total of ten toll lanes, of which four lanes would contain slow-speed weigh-in-motion equipment. The installation of the toll equipment is currently underway. The value of the new contract including the toll and HTMS equipment is approximately CDN$1,050,000.
The third is a contract award by Oriental Structural Engineers for the supply of 21 toll lanes. This project involves the inclusion of electronic toll collection (ETC) systems in four toll lanes. The ETC lanes will use radio frequency identification technology (RFID) and is the first ever RFID-based ETC project awarded in India. The contract includes the supply and provision of RFID-based readers and tags as well as standard toll equipment with a total value of approximately CDN$550,000.
The fourth contract award is from Nagarjuna Construction Company (NCC) for the supply of toll equipment for ten toll lanes as well as slow speed weigh-in-motion equipment for four toll lanes. This award is valued at approximately CDN$300,000.
Mr Terry Bergan, IRD’s president and chief executive officer, commented, “An important component of our growth strategy is to expand our presence in offshore markets where enhancing roadway and highway infrastructure is recognized as a key to economic growth. We are very pleased with the strong market position achieved by IRDSA in both the toll and WIM markets in India, as well as their recent venture into highway traffic management systems. We look forward to IRDSA’s continued growth in this region going forward.”