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Verra Mobility and New York City Department of Transportation finalize five-year, $998 million contract aimed at improving safety through expanded traffic enforcement programs
Verra Mobility Corporation (NASDAQ: VRRM), a leading provider of safe, smart, and connected mobility technology solutions, announced today that it has finalized a new, five-year, $998 million contract with the New York City Department of Transportation (NYC DOT) to continue managing New York City's automated enforcement camera programs, with an option to extend for an additional five-year term. This includes the city's red-light, speed, and bus lane enforcement systems, as well as cameras used t
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[{"type":"text","content":"Verra Mobility will manage NYC's red-light, speed, and bus lane enforcement programs, contributing to the City's lowest number of pedestrian deaths in history","length":166,"tagName":"p","attribs":{}},{"type":"text","content":"Red-light and bus lane camera programs to expand across the five boroughs","length":73,"tagName":"p","attribs":{}},{"type":"text","content":"The contract value represents a 34% increase from the previous five-year contract period, 2021-2025","length":99,"tagName":"p","attribs":{}},{"type":"text","content":"MESA, Ariz., Feb. 11, 2026 /PRNewswire/ -- Verra Mobility Corporation (NASDAQ: VRRM), a leading provider of safe, smart, and connected mobility technology solutions, announced today that it has finalized a new, five-year, $998 million contract with the New York City Department of Transportation (NYC DOT) to continue managing New York City's automated enforcement camera programs, with an option to extend for an additional five-year term. This includes the city's red-light, speed, and bus lane enforcement systems, as well as cameras used to enforce weight limits on the Brooklyn-Queens Expressway (BQE).","length":620,"tagName":"p"},{"type":"image","alt":"Verra Mobility (PRNewsfoto/Verra Mobility)","displaySize":"","headline":null,"caption":"Verra Mobility (PRNewsfoto/Verra Mobility)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":152,"url":"https://media.zenfs.com/en/prnewswire.com/3dd41df2961f28a83a4021ffbe0c5001"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/y2bPA226lD43krUA4JIaBQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTI2ODtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/3dd41df2961f28a83a4021ffbe0c5001","width":400,"height":152}},"href":"https://mma.prnewswire.com/media/393602/Verra_Mobility_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"The new contract will support the city's red-light safety camera program expansion to 600 signalized intersections and the future growth of automated bus lane enforcement. Verra Mobility has managed the city's automated enforcement programs – the largest network of its kind – since they were originally introduced more than 30 years ago. The new contract will be effective from January 1, 2026.","length":403,"tagName":"p"},{"type":"text","content":"The previous contract be...