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

  • Safe and efficient urban mobility for Africa
    May 17, 2023
    Transitioning to zero-carbon transport globally is essential to keep climate change in check. Yet seven years after the Paris Climate Agreement, transport emissions are still rising. In a new op-ed, Nina Elter argues that a radical shift in our approach to transportation sustainability is required. Every year, governments around the world invest more than US$700 billion in road infrastructure. While these investments yield significant economic and social returns, transport continues to generate large costs on societies, in the form of harmful emissions, traffic injuries and lost time due to congestion.
    Read More
  • Rolls Royce powers ahead in first half 2021
    August 9, 2021
    Profit and orders are up at Rolls Royce Power Systems, maker of mtu engines
    Read More
  • Cifa focuses on new technology for 2014
    March 11, 2014
    In 2014 Zoomlion-owned Cifa plans to manufacture a further 15 of its innovative hybrid Energya 8 and 9 plug-in truck mixer prototypes to add to its two existing models. The globally renowned concrete equipment sector firm also aims to sell the first of these new plug-in truck mixer models next year. Among the new machines and equipment resulting from a €2 million-a-year R&D investment in Cifa and Zoomlion products over the last five years, the Energya 8 and 9 models, the latter of which was launched at bau
    Read More
  • The future of autonomy
    January 13, 2023
    The panel of experts from Trimble and Dynapac discussed where the construction industry is on the path to autonomy at present, where it is heading, and Trimble’s overall corporate vision for the future. Trimble’s philosophy is that machine autonomy is about more than just controlling the machine. To move the industry forward, autonomy solutions must also turn real-time data into real-time information to optimise and coordinate the jobsite of the future according to Trimble. Providing full access to that data presents a challenge, but can be achieved.
    Read More

Highlighted Content