Salik has renewed its operations and maintenance contract with Transcore for a period of five years.
The renewed contract will take effect from 13 September 2026 and remain in place until 12 September 2031.
Salik said there has been no material change compared with the previous contract. The company expects annual operating expenses to remain at approximately the same level, ranging between 5% and 5.5% of total annual revenue.
The renewed agreement includes significant enhancements to Salik’s contractual, operational and governance framework, including strengthened requirements covering ESG, cybersecurity, maintenance, business continuity and oversight.
The contract also takes into account Salik’s future business expansion plans, with system upgrades designed to support requirements related to existing services as well as future initiatives and business activities.
Source: Salik
Disclaimer: This article is for informational purposes only and should not be construed as investment, financial, or legal advice.
