Serco Awarded $23 Million Parking System Contract

RESTON, VA--(Marketwire) - Serco Inc. announced it was awarded a $23 million contract by the City and County of San Francisco to deliver procurement, installation and management of an integrated smart parking system that will help improve traffic flow, reduce pollution and optimize parking availability. Serco is the first company selected to work with the City of San Francisco under an Urban Partnership Agreement to design, deliver and manage a complete lifecycle congestion management solution. This hallmark, two-year contract addresses one of the most significant transportation management challenges plaguing state and local governments across the country.

A trusted advisor to the San Francisco Municipal Transportation Agency, Serco will deliver an independent analysis of cutting-edge, smart parking technology solutions that incorporate in-ground sensors, advanced parking meter technology and integrated enforcement systems.

Serco will also install the smart parking system and manage and measure the program during the course of the two-year term.

Benchmark congestion data will be obtained prior to the implementation of the smart parking solution in order to report on the measurable impact the system delivers. The project will be monitored by academics and industry professionals.

"Our innovative transportation management of parking, roadway and commuter transit solutions has transformed transportation programs here in the U.S. and around the world," said Keith Hulbert, Vice President of Serco's Transportation Business Unit. "This smart parking system will no doubt serve as a model to other agencies on the West Coast and across the country."

This latest contract award comes on the heels of a separate, two-year, $8 million contract extension of Serco's parking meter counting and collection services with the San Francisco Municipal Transportation Agency. Serco also provides transportation management services to the cities of West Hollywood, Los Angeles, Chicago, Montgomery County, Baltimore and the state of Georgia.

About Serco Inc.
Serco is a $5 billion global management services company that enables government, military and commercial customers to improve processes, achieve mission objectives and exceed ever-increasing public service expectations. Its North American unit, Serco Inc., based in Reston, VA, designs and delivers integrated lifecycle transportation management, engineering, logistics and human capital management solutions to military, federal civil agencies, state and local government and commercial customers.

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