The Los Angeles City Council awarded Verra Mobility Corporation (NASDAQ: VRRM) a contract to design, build, operate and maintain a speed safety program across the city and county of Los Angeles, the company announced. The program will include 125 speed camera locations expected to be operational by the end of 2026.

Verra Mobility and the Los Angeles Department of Transportation will implement speed safety systems at sites along high-injury and crash corridors. The locations were selected using data on high-speed driving and speed-related crashes throughout the city.

Los Angeles participates in a six-city pilot program under Assembly Bill 645, which allows speed safety programs aimed at reducing excessive speeding. The city joins San Francisco and Oakland, where Verra Mobility operates existing speed safety programs in California.

"We're proud to partner with the City of Los Angeles to implement the largest speed safety program in the state," said Will Barnow, vice president at Verra Mobility. "These programs are complex and must align with strict legislative requirements, so we are honored that the City put their trust in Verra Mobility."

According to the Speed Safety System Impact Report, speeding was a factor in 16% of all fatal and severe crashes in Los Angeles between 2017 and 2021. In 2024, over 300 Los Angeles residents were killed in traffic collisions, with one in five deaths attributed to speeding.

The company reported that cities across the country have seen speeding drop by as much as 94% where this technology is deployed. San Francisco's program was credited with an 80% decline in speeding and a 50% decline in traffic fatalities after one year of operation.

Morgner Construction Management, a Los Angeles minority business enterprise, is expected to be contracted for on-the-ground construction and installation of the cameras.