Q-Free: Tolling contract in Norway – 27 MNOK
Q-Free has won a new contract with Vegfinans, a regional toll road company in Norway. The contract has a value of approximately 27 MNOK and is the result of a mini tender of the existing frame agreement entered into in 2020. The contract comprises delivery with service and maintenance for 7 years of a total of 23 toll stations in the eastern part of Norway, whereof 6 are replacement of existing supplier.
The delivery will start in Q3-2023 and with go-live 1 January 2024 followed by a service and maintenance period of 7 years.
-This is a project with a very tight timeline for delivery, and we are very pleased that Q-Free is the preferred and trusted supplier and partner in this big project. We look forward to working together with Vegfinans. This contract is the 11th contract for toll stations signed by Q-Free in Norway for the past 18 months, and the second with Vegfinans, says Vegard Thomassen, VP Norway and Denmark Operations.
This information is considered to be inside information pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. This stock exchange announcement was published by Rita Bøe Isaksen, Board Secretary in Q-Free ASA, on 12 May 2023 at 08:00 CET.
Q-Free ASA (OSE: QFR) is a global innovator in intelligent transportation systems that improve traffic flow, road safety, and air quality. With an open, collaborative approach to tolling, traffic and active transportation management, Q-Free works with customers and partners on every continent to digitize infrastructure and overcome modern mobility challenges for the greater good of society. Headquartered in Trondheim, Norway, Q-Free has annual revenues of approximately NOK 900 million and employs approximately 350 transportation innovators, experts, and enthusiasts. To learn more about how Q-Free is “changing the movements of life”, visit www.q-free.com or Twitter:@Q-FreeASA