China Transinfo awarded RMB 156 million ITS contract

China TransInfo has announced that it has been awarded an intelligent transportation system contract in Zhejiang Province valued at approximately RMB 156 million, or approximately USD $22.9 million, through its VIE Beijing UNISITS Technology Co. Ltd (“UNISITS”).

UNISITS will provide traffic engineering electronics and machinery (E&M) system design services for the Zhejiang Province portion of the 74 kilometer expressway that connects Huangshan City to Quzhou City. The contract is expected to be completed by 2011. At year-end of 2008, Zhejiang Province had approximately 3,073 kilometers of expressways.

Source: China Transinfo.

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