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

  • Strong Q2 profit for Wacker Neuson in 2014
    August 5, 2014
    Wacker Neuson, the Munich, Germany-based manufacturer of light and compact equipment has posted a clear profit increase in the second quarter of 2014, with revenue remaining at the same level as the previous year. The group posted new record revenue and earnings figures for the first six months of the year, and has confirmed its forecast for fiscal 2014.
    Read More
  • Smartphone solutions assure paving quality at a lofty height
    April 1, 2022
    Road construction project with digital documentation and temperature monitoring by Vögele
    Read More
  • Scotland’s new Queensferry Crossing over the Forth Estuary
    December 23, 2015
    The new Queensferry Crossing under construction in Scotland will be the third landmark bridge spanning the Forth Estuary - Mike Woof writes When the new Queensferry Crossing over the Forth Estuary opens at the end of 2016, it will be the third landmark bridge to be built spanning this short stretch of water. Lying alongside the existing road bridge and the historic rail bridge, this new structure will be as groundbreaking as the two earlier crossings were at the time of their construction.
    Read More
  • Steinexpo2017: German earthmoving equipment sales on firm ground
    September 1, 2017
    Earthmoving sales in Germany this year could top 30,000, according to Joachim Schmid, managing director of VDMA - Construction Equipment and Building Materials Machinery Association. Orders are also up 14% on that of 2016, said Schmid who was speaking during this week’s Steinexpo2017 demonstration trade fair near the central German city of Homberg. The event is held in the Nieder-Ofleiden basalt quarry – the largest such quarry in Europe.
    Read More

Highlighted Content