Central Parking System, Inc and the Toll Roads of Orange County Renew Multi-Year Contract

NASHVILLE, Tenn.--(BUSINESS WIRE)--Central Parking System, the nation’s largest parking company, today announced that it has recently renewed its contract with the Toll Roads of Orange County, CA-Transportation Corridor Agencies. Central Parking will operate the toll plazas at the three toll road corridors: the San Joaquin Hills corridor, the Foothill corridor, and the Eastern corridor. There are a total of ten toll plazas and 46 manual toll lanes scattered across 51 miles of roadway, which consist of four state highways: the SR73, SR241, SR261, and the SR133. The multi-year agreement also opens the door to possibly interfacing with the agency on future technology.

“Central Parking continues to be a value-added business relationship for the Toll Roads and we are pleased to extend their agreement”

Emanuel J. Eads, Central Parking’s President and Chief Executive Officer, said, “We have enjoyed working with the Toll Roads for the past six years and are looking forward to creating continued financial value through our services in the years to come. We are also confident that this relationship will remain mutually beneficial as the Toll Roads continue to gain popularity for convenience to drivers as well as the high quality service Central Parking delivers.”

"Central Parking continues to be a value-added business relationship for the Toll Roads and we are pleased to extend their agreement," stated Jim Gallagher, Chief Toll Operators Officer-Transportation Corridor Agencies.

About The Toll Roads

The Toll Roads have been improving transportation in Orange County, with well maintained and publicly owned toll roads, since the late 1980s. In addition to contributing to better traffic flow through Orange County, the toll roads are also an environmentally conscientious and proactive means of transportation, with dedication to reducing CO₂ emissions by lessening slow pollution-producing traffic and preserving and supporting the natural environment surrounding the roadways. For more information, visit www.thetollroads.com.

About Central Parking System

Central Parking System is the leader in professional parking management. With offices in most major metropolitan areas in the United States, the Company operates approximately 2,400 parking facilities containing in excess of 1.1 million spaces. The Company’s clients include some of the nation’s largest owners and operators of mixed-use projects, office buildings, hotels, stadiums and arenas as well as airports, hospitals and municipalities. For more information on the Company, visit www.parking.com and for information specific to New York City, visit www.centralparking.com.