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

  • India’s road to safety
    September 5, 2012
    India's growth rate is the envy of the world, and its infrastructure is rapidly improving, but its road safety record is the world's worst. Patrick Smith reports on a conference aimed at finding answers to the problems Ambling through the gardens and marble magnificence that is the Taj Mahal or gazing down on the city of Jaipur from the hilltop Jaigarh Fort is far removed from the world outside.
    Read More
  • Keestrack celebrates record orders
    March 8, 2017
    Keestrack is celebrating a record order book at the start of 2017 as the company begins a huge period of global expansion. The Belgian mobile crushing & screening manufacturer’s January-February model orders represent the highest two-month period for orders in Keestrack’s 21-year history.
    Read More
  • Hill & Smith reports strong financial performance
    November 18, 2016
    Hill & Smith Holdings reports a healthy performance for the period 1 July 2016 to 31 October 2016. The firm’s board says that trading has continued to be encouraging and that it expects Group trading performance for the current financial year to be at the top end of market expectations. The group’s results will also benefit from the positive translational impact on its overseas earnings from the recent weakness in Sterling.
    Read More
  • RR engine sale complete
    August 2, 2024
    Rolls-Royce completes sale of small engine range
    Read More

Highlighted Content