Austrian transportation technology giant Kapsch TrafficCom has expanded its intelligent transportation systems (ITS) footprint in Latin America with the award of three new urban traffic management contracts in Argentina, Panama and Peru.
The new contracts strengthen Kapsch’s position in the Central and South American market, where the company’s urban traffic management systems are already being used in many major or capital cities, including Rio de Janeiro (Brasil), Santo Domingo (Dominican Republic), Quito (Ecuador), and several others.
Kapsch has now been awarded three more major contracts in the region to provide advanced traffic management systems to Buenos Aires (Argentina), Lima (Peru), and Panama City (Panama). The new contracts add up to an accumulated value of approximately €15m (US$17.3m). The Vienna-based ITS technology supplier is expanding both its local footprint in the Latin American region, as well as its expertise in managing dense traffic environments in major cities around the globe.