RE:Iteris Awarded $1.1 Million ContractMany "infrastructure funding" opportunities will present themselves under these types of programs. Not revenue generators for the states/cities, but the right optics, especially is paid/sunbsidized by upstream governments: The City of Orange’s three-year regional traffic signal synchronization project with Iteris supports the goals of OCTA’s Project P, a comprehensive transportation funding scheme under the Measure M program that aims to significantly reduce countywide travel time, fuel consumption and greenhouse gas emissions, while improving safety and mobility, and improving overall travel experience for all road users, including vehicles, buses, bicycles and pedestrians. By reducing delays and stops on key corridors for passenger vehicles and heavy vehicles, the project will help reduce CO2 emissions and fuel consumption, which in turn will contribute to environmental and air quality improvements.
Since launch, OCTA’s traffic signal synchronization program has already resulted in a 13% reduction in travel time, a 14% improvement in travel speed, a 52 million gallon reduction in fuel consumption and a 885 million pound reduction in greenhouse gas emissions.