LONDON (dpa-AFX) - Capita plc (CPI.L) announced it has signed a 5 year contract with Transport for London, or TfL, to operate the congestion charging, low emission zone and traffic enforcement notice processing schemes. Capita expects the overall agreement to generate revenue of approximately 145 million pounds to the comapny. TfL has the option to extend the contract for a further 5 years.
Congestion Charging is designed to reduce traffic congestion and the income raised is wholly reinvested in transport for London. Capita will provide the IT systems, back office and contact centre to run the schemes and the associated enforcement processes.
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