City of Oakland Partners with Verra Mobility to Save Lives with Speed Safety Program

Rhea-AI Summary

Verra Mobility (NASDAQ: VRRM) has secured approval from Oakland's City Council to implement and manage a comprehensive speed safety program across the city. The program, authorized under AB 645, will deploy 36 speed cameras across 18 high-risk locations throughout Oakland. The initiative aims to address Oakland's concerning traffic fatality rate of over 33 deaths annually since 2020. The cameras will be installed along Oakland's High-Injury Network, which represents 8% of streets but accounts for 60% of severe collisions. Fines will range from $50 for vehicles traveling 11-15 mph over the limit to $500 for severe violations, with reduced fees available for low-income residents. The program includes a 60-day warning period and will be partially funded by a $2 million grant from the Alameda County Transportation Commission. Similar programs in other cities have achieved up to 94% reduction in speeding at monitored locations.

Positive

• Contract win to implement speed safety program in Oakland, expanding Verra Mobility's market presence in California
• Program backed by $2 million grant from Alameda County Transportation Commission
• Partnership with local firm Marinship Development for installation and maintenance
• Potential for recurring revenue through 24/7 operation and maintenance of speed camera systems

Negative

• Initial 60-day warning period with no revenue generation
• Reduced fees for low-income residents may impact revenue potential
• Limited to 18 locations (36 cameras) in initial deployment

Insights

Smart Mobility Infrastructure Analyst

Oakland's speed camera contract strengthens Verra Mobility's market position in the growing smart city safety technology sector.

This partnership with Oakland represents a strategic win for Verra Mobility in California's nascent automated speed enforcement market. The contract covers 36 cameras across 18 high-risk corridors, making it only the second speed safety program in California utilizing automated technology following the passage of AB 645 last year.

The scope includes full-service delivery, operation, and maintenance of the speed enforcement systems, with $50-$500 graduated fine structure based on speed violations. The program's design targets the city's High-Injury Network—just 8% of streets that account for 60% of severe collisions—maximizing potential safety impact.

This contract strengthens Verra Mobility's position in urban safety infrastructure as cities increasingly seek technological solutions to reduce traffic fatalities. The company is leveraging its implementation experience from larger programs nationwide where such technology has demonstrated up to 94% reduction in speeding at monitored locations.

The agreement includes partnering with local firm Marinship Development for installation and maintenance, addressing community engagement concerns often associated with surveillance technology deployment. The partial funding through an Alameda County Transportation Commission grant indicates strong regional support and sustainable financing.

While the exact contract value isn't disclosed, the comprehensive nature of the services—24/7 operations, infrastructure installation, maintenance, and back-office citation processing—suggests meaningful recurring revenue potential. The contract timing is favorable, with installation beginning this summer and operations starting before year-end, potentially contributing to 2025 financial results.

Speed safety technology to be deployed along 18 high-risk corridors

MESA, Ariz., June 18, 2025 /PRNewswire/ -- Verra Mobility Corporation (NASDAQ: VRRM), a leading provider of smart mobility technology solutions, announced the approval from Oakland's City Council to deliver, operate, and maintain a speed safety program across the city. This will be the second speed safety program in the state of California that utilizes advanced automated technology to help curb speeding issues. 

With this new safety program, the City of Oakland is taking a major leadership role in protecting residents and preventing traffic-related deaths. Authorized under Assembly Bill 645 (AB 645) in October 2023, the legislation allows the city's pilot program to deploy speed safety systems at 18 high-risk locations throughout Oakland (a total of 36 cameras) to help reduce speeding and prevent traffic-related injuries and fatalities.

"As an Oakland City Councilmember and a Commissioner on the Alameda County Transportation Commission, which recently approved a $2 million grant for speed camera implementation in Oakland, I support this project and its many safety benefits," said at-large Oakland Councilmember Rowena Brown.

Since 2020, Oakland has experienced an average of more than 33 traffic fatalities each year – something the city says needs to change. "The new speed camera safety program marks a much-needed shift for the streets of Oakland, where too many lives have been lost due to reckless speeding," said Josh Rowan, Director of the City of Oakland Department of Transportation (OakDOT). "We are eager to work with Verra Mobility to implement this proven and effective tool as a crucial step toward making our streets safer and saving lives. Traffic safety requires all the tools in the toolbox, including infrastructure and enforcement. The City of Oakland is working aggressively on both fronts."

The cameras will be installed at locations selected by the Oakland Department of Transportation (OakDOT) from Oakland's High-Injury Network, prioritizing areas with documented speeding near schools, senior centers, and commercial districts. OakDOT collected data on vehicle speeds at over 40 locations before narrowing the list down to 18 candidate sites, which are distributed throughout the City of Oakland as required by AB 645. Each site will monitor both directions of traffic for anyone speeding more than 11 mph over the posted limit.

"Verra Mobility is honored to partner with the City of Oakland to bring this critical safety technology to the community," said Will Barnow, vice president, Verra Mobility. "Our experience implementing the largest programs across the country has demonstrated that automated speed enforcement is one of the most effective tools available to create safer streets. With more than 400 children injured every day across our nation in traffic crashes, Oakland is taking action to stop dangerous speeding and to save lives."

The speed cameras will be installed along Oakland's High-Injury Network—the 8% of streets that account for 60% of severe and fatal collisions in the city. The program addresses a critical public safety issue in Oakland, where two residents are killed or severely injured in traffic crashes every week, with speeding being a contributing factor to traffic fatalities. Similar large-city speed safety programs across the country have experienced up to a 94% reduction in speeding at locations with this technology.

"The Unity Council is excited for this important safety initiative in Oakland," said Chris Iglesias, CEO of The Unity Council. "Traffic violence disproportionately impacts our most vulnerable community members. The goal is to reduce traffic fatalities and injuries, particularly among vulnerable populations. The Fruitvale area is a highly dense community where many residents walk or rely on alternative forms of transportation, making this type of safety measure not only timely but necessary. By focusing enforcement on the most dangerous behaviors on our highest-risk streets, this program will help create more equitable outcomes while making our neighborhoods safer and more walkable."

The speed camera systems will operate 24/7 and issue citations starting at $50 for vehicles traveling 11–15 mph over the speed limit; the most egregious speeders could see fines up to $500. As required by AB 645, reduced fees will be available for low-income residents, with only warnings issued for the first 60 days of the program. Privacy and security are also addressed as part of the legislation, where only rear license plates will be captured, and strict data policies will be implemented.

Under the contract, Verra Mobility will provide and operate the speed camera systems and will partner with local firm Marinship Development, LLC to install and maintain the infrastructure.

"We're honored to support Oakland in this life-saving effort," said Derek Smith, founder and managing member of Marinship Development. "As a Bay Area-based firm, we understand the importance of building infrastructure that improves safety and respects the character of the communities it serves. This opportunity will support our commitment to hire local and create job opportunities for Oakland residents during installation."

Both parties have already begun working to develop the program. The community can expect a public education campaign to start as early as late summer, with a mandatory 60-day warning period anticipated to launch before the end of the calendar year. The program will be monitored continuously by OakDOT, which will also conduct evaluations and post data and updates on the city's website.

The speed safety program is funded in part by a grant from the Alameda County Transportation Commission (Alameda CTC).

About Verra Mobility

Verra Mobility Corporation (NASDAQ: VRRM) is a leading provider of smart mobility technology solutions that make transportation safer, smarter and more connected. The company sits at the center of the mobility ecosystem, bringing together vehicles, hardware, software, data and people to enable safe, efficient solutions for customers globally. Verra Mobility's transportation safety systems and parking management solutions protect lives, improve urban and motorway mobility and support healthier communities. The company also solves complex payment, utilization and compliance challenges for fleet owners and rental car companies. Headquartered in Arizona, Verra Mobility operates in North America, Europe, Asia and Australia. For more information, please visit www.verramobility.com.

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Media Relations:	Investor Relations:
Valerie Schneider	Mark Zindler
valerie.schneider@verramobility.com	mark.zindler@verramobility.com

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SOURCE Verra Mobility

FAQ

What is Verra Mobility's (VRRM) new contract with Oakland for speed cameras?

Verra Mobility will deploy and operate 36 speed cameras across 18 high-risk locations in Oakland, with fines ranging from $50 to $500 for speeding violations.

How many traffic fatalities does Oakland experience annually?

Since 2020, Oakland has experienced an average of more than 33 traffic fatalities each year.

What is the value of the grant for VRRM's Oakland speed camera program?

The program is partially funded by a $2 million grant from the Alameda County Transportation Commission.

When will Verra Mobility's (VRRM) Oakland speed cameras become operational?

The public education campaign will start in late summer, with a 60-day warning period launching before the end of the calendar year.

What are the fine amounts for VRRM's Oakland speed camera violations?

Fines start at $50 for vehicles traveling 11-15 mph over the speed limit, with maximum fines up to $500 for severe violations.