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

  • Free flow tolling technology is booming
    April 10, 2013
    Jon Masters reports on the latest moves in the free-flow tolling segment. Free-flow tolling of roads and discrete infrastructure, such as bridges and tunnels, is an area of transportation that appears to be booming. Tolling in general is on the up, often still as a means for funding road projects where public sector budgets can no longer cover the necessary costs, but not exclusively so. Several high profile examples of road user charging for ‘demand management’ – the reduction of congestion as part of a wi
    Read More
  • Colombia’s ANI agency is driving forward the 4G PPP programme
    April 4, 2016
    Andrade Moreno is a man on a mission. The head of Colombia's infrastructure agency ANI explains how the organisation is giving foreign companies increasing confidence to invest time and money in the country. David Arminas reports Change, especially when it touches the highest levels of South American business and politics, can bring with it personal danger. Luis Fernando Andrade Moreno, president of Colombia's National Infrastructure Agency - ANI - was aware of this when he took on the role in 2011. B
    Read More
  • STRABAG reports satisfactory financial performance
    February 22, 2016
    Construction firm STRABAG says that its performance in the 2015 financial year was ‘satisfactory’ and that its outlook for 2016 is positive. “We closed an overall satisfactory year in 2015 with a higher output volume on nearly unchanged employee levels and a lower order backlog. In 2016 we want to maintain the output volume at its high level and raise our EBIT margin to 3%. Thanks to our improved risk management and cost reductions, we are confident that we will reach this goal after having also succeeded i
    Read More
  • Rockster crushers help Austrian company Polixmair boost efficiency
    July 7, 2016
    "Greater flexibility, higher performance, faster implementation of large projects," is how Ferdinand Polixmair described the challenges of the increasingly fast-moving mineral processing business. "We can handle up to four major projects in parallel,” explained company owner Ferdinand Polixmair, whose company in Gmunden in upper Austdria has eight employees. “We have the team and the machines available. Moreover, we have no regional restrictions, we cover the whole of Austria." Polixmair had two of
    Read More

Highlighted Content