[Public Notice+] Estrafic Secures Additional Order for US Fare Collection Automation Equipment Project

[Asia Economy Reporter Minji Lee] Estraffic announced on the 12th that it has signed a change contract due to a change in tasks between its US subsidiary and the Washington Metropolitan Area Transit Authority (WMATA). This is an expansion and modification of the contract signed in June last year between Estraffic's US subsidiary and WMATA for the construction of station automation equipment worth a total of 45.9 billion KRW.

The contract amount between the US subsidiary and WMATA increased by 2.87 million USD (approximately 3.5 billion KRW), with the US subsidiary additionally securing orders for automatic ticket gates, raising Estraffic headquarters' allocation from 18.3 billion KRW to 20.4 billion KRW, an increase of about 2.1 billion KRW. The construction deadline was extended from December 2021 to June 2022.

Estraffic plans to replace the aging station automation equipment at 91 stations in the Washington D.C. area and provide maintenance for five years thereafter. Recently, the initial product functionality test was successfully completed under final design approval and customer verification team supervision.

A company official stated, “We have received favorable reviews for differentiated products and services locally in the US, and through further contract scope expansions and new maintenance contracts, the North American station automation equipment construction contracts could expand to a maximum of 99 million USD. We also have high expectations for new orders related to the Purple Line expansion next year.”

This content was produced with the assistance of AI translation services.