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Stock impact report

SEPTA installing 100 more full-length fare gates to deter fare evasion [CBS News]

Conduent Incorporated (CNDT) 
Last conduent incorporated earnings: 2/20 04:05 pm Check Earnings Report
US:NYSE Investor Relations: investor.conduent.com
Company Research Source: CBS News
The new gates will expand on a pilot program that was started back in April at 69th Street Transportation Center SEPTA said its board approved the purchase of 100 new gates on Thursday. It is part of a $6.96 million contract with Conduent Transport Solutions, Inc. The new gates will be installed at Somerset, Huntingdon, Cecil B. Moore, 11th Street, 13th Street, Frankford Transportation Center, Allegheny, 52nd Street and City Hall stations. The transit service said it expects the 100 gates to be fully installed by the end of 2025. The pilot program The first fare gates to be installed were at 20 entrances to the Market-Frankford Line and Norristown High Speed Line at the 69th Street Transportation Center. A post shared by ISEPTAPHILLY (@septaphilly) "We are excited to see that the new gates are helping reduce fare evasion and enhance the quality of our service as a result," SEPTA Board Chair Kenneth E. Lawrence Jr. said in a news release. "We remain focused on efforts that a Show less Read more
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