Croatian firm launching new automatic road toll system

Croatian motorways company Hrvatske Autoceste (HAC) is reported to be planning to launch its new automatic road toll payment system from the beginning of June. HAC purchased the prototype of the system last year for US$426,807.75. The new system is expected to speed up the paying of road tolls, thus increasing traffic flow.
May 17, 2012 Read time: 1 min
Croatian motorways company 5454 Hrvatske Autoceste (HAC) is reported to be planning to launch its new automatic road toll payment system from the beginning of June.

HAC purchased the prototype of the system last year for US$426,807.75. The new system is expected to speed up the paying of road tolls, thus increasing traffic flow.

For more information on companies in this article

Related Content

  • Austrian funding for Croatian roads
    July 9, 2012
    Croatian national motorways company Hrvatske Autoceste (HAC) is receiving funding in the shape of a €100 million loan from Hypo Alpa Adria Bank and Hypo Alpa Adria International, from Klagenfurt in Austria. A guarantee for the loan is being supplied by the Croatian Government. The loan is approved over a five-year repayment period and with a 6.99% interest rate. Funding will be used for liquidity and regular payments to construction firms. The move increases HAC's gearing as it has so far borrowed €80 milli
    Read More
  • Funding for Croatia's road infrastructure
    May 8, 2012
    The European Investment Bank (EIB) has approved two loans worth €85 million for Croatia's road infrastructure. The first part of the loan is worth €60 million and will be used for construction of the Corridor Vc highway. The deal was signed between the EIB and Croatian motorways company Hrvatske Autoceste (HAC). The loan will finance 50% of the construction of the Corridor Vc highway. This includes a 12.5km section of the highway along the southern and northern part of the border with Bosnia and Herzegovina
    Read More
  • Croatia: toll revenue and traffic up 10% in first seven months 2016
    August 9, 2016
    Traffic and revenues on Croatian toll roads jumped 10% in the first seven months of the year, according to a report in the newspaper Novi List. To the end of July, 21 million vehicles were recorded on the highways under management of the Croatian Motorways-HAC public companies. That’s up 2 million vehicles, while revenue was almost US$129 million. The report noted that with a heavy debt load, it might be a new government, to be formed after Parliamentary elections on 11 September, could sell of shares
    Read More
  • EBRD sets out new loans for Coratia’s road agency, Hrvatske autoceste
    April 1, 2016
    The European Bank for Reconstruction and Development (EBRD) and Hrvatske autoceste – a state-owned company in charge of the construction, maintenance and tolling of Croatia’s motorways – have signed a loan of up to €250 million. The EBRD’s sovereign-guaranteed loan will come in two tranches. The first €200 million will be used to refinance a portion of HAC’s sovereign-guaranteed debt falling due in 2016. The remaining €50 million will finance operational and efficiency improvements and may serve as a
    Read More

Highlighted Content