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

  • Deutz forecasts 2014 revenue growth after 2013 was “encouraging year”
    March 20, 2014
    Deutz is forecasting low double-digit revenue growth in 2014 after describing 2013 as an “encouraging year” for the German company. Last year saw improvements in all the diesel engine manufacturer’s key performance figures, despite the sluggish global market. And the company says tipped 2014 revenue growth is likely to be coupled with a moderate improvement in the EBIT margin excluding one-off items, which the firm expects to rise to above 4.0%. In 2013, the Deutz Group received orders worth €1,649.7 mil
    Read More
  • Key deals show strength of Tolling solutions sector
    September 26, 2013
    The world’s leading tolling solution providers have achieved significant deals in recent months emphasising the importance of their latest and proven technology. Guy Woodford reports Kapsch TrafficCom North America (Kapsch), part of Kapsch TrafficCom Group, has been awarded a five-year US$30 million contract by Canadian Tolling Company International (Cantoll). The contract will see the leading tolling technology manufacturer supply its next generation TDMA V6 Interior Transponder, also known as an onboar
    Read More
  • Kekava Bybass opens with Kapsch technology
    December 5, 2023
    Latvia’s recently opened “high-speed” Kekava Bypass is using Kapsch traffic technology to ensure safety of drivers as they travel between the capital Riga and Lithuania.
    Read More
  • DEUTZ year-end expectations hold firm despite volatile market
    August 10, 2016
    German engine manufacturer DEUTZ reported new orders in the group rose by 1% to €677.2 million (H1 2015: €670.7 million), despite tough market conditions. Orders in the second quarter of 2016 amounted to €349.9 million, which was 6.9 per cent higher than the figure of €327.3 million for the first quarter, and the same level as the second quarter of 2015 (€349.7 million). The number of engines sold fell to 69,705, down by almost 11% compared with the corresponding period of 2015 (H1 2015: 78,120 eng
    Read More

Highlighted Content