Kapsch wins Financier of the Year award in Poland

At this year’s "Financier of the Year" gala event in Warsaw, Poland, Kapsch was given an award for the efficiency of its fully electronic toll system viaTOLL in bringing in higher revenues than expected last year.
March 19, 2012 Read time: 2 mins

At this year’s "Financier of the Year" gala event in Warsaw, Poland, 259 Kapsch was given an award for the efficiency of its fully electronic toll system viaTOLL in bringing in higher revenues than expected last year. The modern toll system constructed by Kapsch for all vehicles over 3.5 tonnes in total weight has been in operation on the existing road network of around 1,560 km since 3 July 2011.

"This award means a lot to us, because we implemented the system in record time. We had less than eight months in which to complete the implementation of this challenging project", explains Michael Gschnitzer, sales director at Kapsch TrafficCom. "The sharp rise in revenues confirms the quality of our toll system."

"Financier of the Year" cited the precision of the fully electronic toll system as one of the main reasons for the award. According to the latest results, use of the toll system brought in higher-than-expected revenues last year. During the last six months, US$131 million was generated for road infrastructure projects – US$5.34 million more than planned. This positive outcome was decisive for the award, and the project was described by the jury as "the most efficient system for financing road-building projects in 20 years."

The Financier of the Year awards have been conferred for twelve years by the editorial team of the weekly finance magazine Gazeta Finansowa.

Highway & Network Management

For more information on companies in this article

Related Content

  • Tolling innovation
    January 4, 2013
    Leading European tolling solution companies are involved in a number of innovative tolling projects across the continent and further afield. Guy Woodford looks at some of the latest Siemens Mobility & Logistics (SML) has received orders from Eurotoll and Total, two of France’s largest electronic toll on-board unit issuers, to supply technology for the new French toll collection system. The equipment comprises on-board units for the vehicles as well as the electronic detection system. The SML orders’, worth
    Read More
  • Kapsch Traffic wins Bulgarian nationwide tolling deal for trucks
    December 14, 2017
    KapschTrafficCom has been awarded the contract to implement a nationwide tolling system in Bulgaria for trucks over 3.5tonnes
    Read More
  • Toll-tale market strength for leading tolling manufacturers
    May 22, 2014
    New major highway tolling solution supply contracts and the launch of cutting-edge tolling products have invigorated the global tolling technology market in the first half of 2014, as Guy Woodford reports Kapsch TrafficCom has been selected by North Tarrant Express (NTE) Mobility Partners LLC to provide the toll collection, intelligent transport and network communication systems for the NTE extension project in the US state of Texas. The NTE extension is approximately 16km long, and runs along I-35W north o
    Read More
  • Kapsch TrafficCom wins $355 million nationwide ETC system in Belarus
    April 19, 2012
    Kapsch TrafficCom has won an order, valued at just over US$355.5 million, for the implementation and operation of a nationwide electronic toll collection system in Belarus. The agreement signed by Erwin Toplak, COO of Kapsch TrafficCom, and Ivan I. Shcherbo, Minister for Transportation and Communication of the Republic of Belarus, extends over a total road network of 2,743km and is for both the implementation of a dedicated short-range communication based system as well as its operation over a 20 year pe
    Read More

Highlighted Content