Serco Awarded $23 Million Contract to Address San Francisco Parking and Congestion Challenges

RESTON, VA, Jul 23 (MARKET WIRE) --
Serco Inc. announced today it was awarded a $23 million contract by the
City and County of San Francisco to deliver procurement, installation and
management of an integrated smart parking system that will help improve
traffic flow, reduce pollution and optimize parking availability. Serco
is the first company selected to work with the City of San Francisco
under an Urban Partnership Agreement to design, deliver and manage a
complete lifecycle congestion management solution. This hallmark,
two-year contract addresses one of the most significant transportation
management challenges plaguing state and local governments across the
country.

A trusted advisor to the San Francisco Municipal Transportation Agency,
Serco will deliver an independent analysis of cutting-edge, smart parking
technology solutions that incorporate in-ground sensors, advanced parking
meter technology and integrated enforcement systems.

Serco will also install the smart parking system and manage and measure
the program during the course of the two-year term.

Benchmark congestion data will be obtained prior to the implementation of
the smart parking solution in order to report on the measurable impact the
system delivers. The project will be monitored by academics and industry
professionals.

"Our innovative transportation management of parking, roadway and commuter
transit solutions has transformed transportation programs here in the U.S.
and around the world," said Keith Hulbert, Vice President of Serco's
Transportation Business Unit. "This smart parking system will no doubt
serve as a model to other agencies on the West Coast and across the
country."

This latest contract award comes on the heels of a separate, two-year, $8
million contract extension of Serco's parking meter counting and
collection services with the San Francisco Municipal Transportation
Agency. Serco also provides transportation management services to the
cities of West Hollywood, Los Angeles, Chicago, Montgomery County,
Baltimore and the state of Georgia.

About Serco Inc.

Serco is a $5 billion global management services company that enables
government, military and commercial customers to improve processes,
achieve mission objectives and exceed ever-increasing public service
expectations. Its North American unit, Serco Inc., based in Reston, VA,
designs and delivers integrated lifecycle transportation management,
engineering, logistics and human capital management solutions to
military, federal civil agencies, state and local government and
commercial customers. Visit www.serco-na.com to learn more about Serco.

Contact:
Steve McCarney
Serco Inc.
(703) 939-6324
Email Contact

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