- Redflex Holdings’ (RDF) Redflex Traffic Systems has signed a contract with the Victorian Government to supply digital road safety cameras for the West Gate Tunnel Project in Melbourne
- The West Gate Tunnel Bridge is being built to be an alternate travel route to the West Gate Bridge in Melbourne, aiming to reduce heavy traffic in residential areas
- Redflex is expecting $7 million in revenue from the agreement
- Under the agreement, Redflex will design, supply, install and commission fixed digital road safety camera systems for this high profile road
- On market close for the day, Redflex is up 3.90 per cent and trading at 40 cents per share
Redflex Holdings’ (RDF), subsidiary, Redflex Traffic Systems, has signed a contract for the West Gate Tunnel Project to supply digital road safety cameras.
The company was chosen by the State of Victoria, through the Department of Justice and Community Safety (DJCS).
The West Gate Tunnel Bridge will be an alternate travel route to the West Gate Bridge in Melbourne. It will be a quicker and safer journey as well as reducing heavy traffic in residential streets.
Redflex is expecting $7 million in revenue from the agreement.
Under the agreement, Redflex will design, supply, install and commission fixed digital road safety camera systems, under the traffic laws, for this high profile road.
The company is expecting to deliver the cameras over a 26 month period, with the project estimated to be completed by September 30, 2022. Notably, the estimated project delivery and completion will be subject to head contractor contingencies.
“As a Melbourne based company with over 200 local employees, we are uniquely positioned to support our long term customer Victorian DJCS by delivering our technology as part of an important and complex road safety initiative,” CEO Mark J Talbot said.
The DJCS is a justice and community safety system that is apart of the Victorian State Government of Australia.
On market close for the day, Redflex is up 3.90 per cent and trading at 40 cents per share.