SUZOHAPP provides the metro in Chennai, India with Bill-to-Bill™ banknote recyclers
Oud-Beijerland, The Netherlands - SUZOHAPP is a leading manufacturer of advanced bill validation technology as well as a reliable partner for cash handling components and solutions in the public transport sector.
The SUZOHAPP Bill-to-Bill™ range is the most efficient currency management system designed to validate and recycle banknotes and that's why the Bill-to-Bill™ 200XE note recycler has been chosen by the Chennai Metro in India for the installation in their Automatic Ticket Vending Machines (ATVM).
Chennai is the fourth largest city in India with a population of about 8 million. The city has been growing rapidly and the traffic volumes on the roads have also been increasing enormously. Hence the need for a new fast, reliable, convenient and efficient mode of public transport. The Government of India started the Chennai Metro Rail Project in 2009 and the system commenced revenue service in 2015 after partially opening during the first phase of the project, which consists of lines along two corridors covering a length of 45.1 km.
The second stretch of metro rail project - 8.61 km from Little Mount to the Airport station - was inaugurated on Wednesday, September 21st by Chief Minister Jayalalithaa and Venkaiah Naidu, Minister of Urban Development, Housing & Urban Poverty Alleviation.
The total number of ATVMs installed in the Chennai metro is 58 and keeps growing - the first 35 units were placed during the first phase of the project and an additional 23 machines were installed with the inauguration of Phase 2.
"With the opening of the nine-kilometer metro lane in Chennai, around 324 km of metro rail will be operational in the country" said Mr. Venkaiah Naidu. "This not only reduces traffic congestion but also reduces pollution. The ridership is expected to be 775,000 per day" added Mr. Naidu.
"The Chennai metro chose our Bill-to-Bill™ note recyclers as the ideal solution for all-in- one automated cash management solutions. We are proud that our advanced technology contributed to creating a world-class public transport system" commented Mr. Brijesh Shah, Director Business Development SUZOHAPP India.
"We are excited to be part of such an important project which will improve mobility for the Indian people. This is a great opportunity to again demonstrate our strong commitment to the public transport industry" concluded Mr. Geoff McDowell, SUZOHAPP APA Managing Director.
About SUZOHAPP: SUZOHAPP provides highly engineered component solutions for interactive self-service hardware to the global amusement, gaming, industrial, transportation and vending markets by serving both equipment operators and original equipment manufacturers. SUZOHAPP's solutions include control devices and systems, currency handling equipment, display solutions, environmental products, machine operation components and payment systems. With over 1,100 global employees in 19 countries serving more than 25,000 customers worldwide, SUZOHAPP has manufacturing, engineering, distribution and service facilities in 19 countries globally. More information is available at www.suzohapp.com. SUZOHAPP is owned by affiliates of ACON Investments, L.L.C., a Washington, D.C.- based international private equity investment firm that has responsibility for managing approximately $4.4 billion of capital. For more information, visit www.aconinvestments.com.