EFIC underwrites car park performance bond

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02 March 2010

Australian export credit agency EFIC is underwriting a performance bond enabling Park Assist to fulfil a contract in Seattle.

Park Assist, a global leader in parking guidance, bay sensing and parking enforcement, has secured its first contract with a US government authority with backing from Australian export credit agency Export Finance and Insurance Corporation (EFIC).

The company was awarded a $780,000 contract by the City of Seattle to provide an electronic parking guidance system (EPGS) for the city’s downtown...

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