China-linked company gets E-ZPass contract for the New Jersey Turnpike – IOTW Report

China-linked company gets E-ZPass contract for the New Jersey Turnpike

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A Singapore-owned company with links to China is under scrutiny after it won the E-ZPass contract for the New Jersey Turnpike.

The company, TransCore, won an 11-year contract from the New Jersey Turnpike Authority to run the E-ZPass customer service operation.

E-ZPass is an electronic toll collection system that makes tolling (charging fees to travel over an area) quicker and more convenient.

In winning, TransCore beat Conduent, Inc., which has since filed a complaint challenging TransCore’s victory, arguing that it, Conduent, had bid to do the job for roughly $250 million less.

In its complaint, Conduent also points out that TransCore was recently sold to the Singapore-based company Singapore Technologies Engineering (ST Engineering) and that ST Engineering is itself owned by Temasek Holdings, which is completely owned by the government of Singapore, with significant ties to China. more

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