The Swedish Transport Administration (Trafikverket) has signed a design and build contract with Q-Free to upgrade the Stockholm congestion tax system. The contract includes 10 years of service and maintenance and will have a value of at least 130 MNOK. The majority of the system deployment revenues is expected to materialize in 2021 and 2022.
The Stockholm congestion tax system was originally delivered by Q-Free in 2005. For 15 years it has contributed to reduced congestion, improved air quality, and a modernization of road infrastructure in Stockholm. It will now be replaced with new and improved Q-Free technology including a new innovative camera platform and updated Automated License Plate Recognition (ALPR/ANPR) software solutions.
- We are extremely proud and pleased to continue as the supplier of Stockholm's congestion tax system. Stockholm has for many years been a showcase for Q-Free's video tolling technology and will continue to be a very valuable and relevant reference as a growing number of cities around the world follow in Stockholm's footsteps and implement city tolling or congestion charging schemes, says Håkon Volldal, Q-Free's President & CEO.
For further information, please contact:
President & CEO, Håkon Volldal: +47 977 19 973
About Q-Free:
Q-Free ASA (OSE: QFR) is a global innovator in intelligent transportation systems that improve traffic flow, road safety, and air quality. With an open, collaborative approach to tolling, traffic and active transportation management, Q-Free works with customers and partners on every continent to digitize infrastructure and overcome modern mobility challenges for the greater good of society.
Headquartered in Trondheim, Norway, Q-Free has annual revenues of approximately 1 billion NOK and employs approximately 380 transportation innovators, experts, and enthusiasts. To learn more about how Q-Free is changing the movements of life, visit www.q-free.com or Twitter:@Q-FreeASA