Business
Verra Mobility Subsidiary Signs Multi-Year Agreement with Transport for London for the Newly Launched Direct Vision Standard
- The Mayor of London's public safety 'Vision Zero' program plans to eliminate all deaths and serious injuries on London's transport system by 2041 - Verra
About this update from Verra Mobility Corporation
[{"type":"text","content":"- The Mayor of London's public safety 'Vision Zero' program plans to eliminate all deaths and serious injuries on London's transport system by 2041\n - Verra Mobility's subsidiary, Euro Parking Collection, to administer penalty collections for foreign commercial vehicles operating in greater London\n\n\nMESA, Ariz., May 5, 2021 /PRNewswire/ -- Verra Mobility Corporation (NASDAQ: VRRM), a leading provider of smart mobility technology solutions, announces today that its subsidiary, Euro Parking Collection plc, has been selected by Transport for London (TfL) to administer foreign collection penalties by heavy goods vehicles (HGVs) for its Direct Vision Standard (DVS) program, through June of 2025. \n\n \n \n \n \n \n \n\n \nBy introducing London's pioneering Direct Vision Standard, TfL has undertaken a radical initiative to improve road safety that helps save lives and avoid serious injuries. The goal of DVS is to protect motorcyclists, cyclists, pedestrians, and other road users through a set of standards to reduce lethal blind spots for HGVs. All owners of HGVs over 12 tonnes now need a valid permit to operate in greater London. The program went into effect on March 1, 2021, and will operate 24 hours a day, seven days a week. \nThe latest data from TfL show that HGVs continue to be disproportionately involved in fatal collisions. Between 2018 and 2020, HGVs were involved in 41% of collisions where people cycling were killed and 19% of collisions where a pedestrian was killed.\n\"With road safety at the core of our Company's mission, we are extremely proud to partner with TfL for this noble and visionary scheme that saves lives and promotes a safer London experience,\" stated Tsjerk-Friso Roelfzema, Senior Vice President and General Manager for Verra Mobility Europe. \"With our proven solutions deployed across Europe and years of experience efficiently collecting penalties from foreign vehicle operators, Verra Mobility is uniquely positioned to help ensure that the Direct Vision Standard penalties will be properly collected.\"\nVerra Mobility's violation management and foreign collection services in Europe, operated through Euro Parking Collection plc, include vehicle country identification, owner tracing, notification processing, outstanding debt collection, customer service, and general program administration. \nAbout Verra Mobi...