Under the agreement, the company will construct and operate a real time transportation information platform which obtains raw, real-time traffic data from existing global positioning systems control terminals in 3,500 taxis and 1,000 buses. To date, the Company is the only partner of Chengdu’s Department of Transportation commissioned to collect process and integrate all transportation related information into one intelligent platform.
Shudong Xia, CEO of China TransInfo, said: I am very pleased to announce this milestone in the company’s growth in the transportation information services segment. The framework agreement we entered into with the City of Chengdu is the latest in a succession of agreements we have signed to provide comprehensive transportation information services across China.
