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 performance sees Wirtgen Group bullish
    September 30, 2014
    The Wirtgen Group reports that strong financial performance is expected for 2014. Full results are not yet available for 2014 but the privately held, family owned firm is confident for good results. Joint president Jürgen Wirtgen said, “Sales for 2014 will reach €1.95 billion.” He explained that for the first half of 2013, turnover reached €285 million, whereas for the first six months of 2014, turnover reached €329 million, a jump of 15%. The second half of the year is also looking healthy with the firm on
    Read More
  • A breakthrough in the horizontal reuse of PA (porous asphalt)
    May 12, 2016
    An ambitious objective has led to significant steps in the reuse of PA (porous asphalt). While the market incidentally produces PA with a maximum of 30% of recovered raw materials, BAM has introduced its own innovations, enabling more than 90% of raw materials to be reused. And this year, subsidies from the European Commission will enable the LE2AP demonstration project to be constructed: one kilometre of sustainable PA. Large-scale production is also being developed.
    Read More
  • Moveable barrier cuts costs, aids motorists
    February 20, 2012
    Work on an award-winning US bridge was completed with savings and benefits to motorists through the help of an innovative barrier. The bridge replacement of US 31 over I-465 and Lick Creek in southern Indianapolis, state capital of Indiana, won the 2011 Honor Award from the American Council of Engineering Companies of Indiana. Stephen J. Christian & Associates of Indianapolis completed the design in less than nine months to allow Indiana Department of Transportation (INDOT) to take advantage of the favourab
    Read More
  • Cummins sets new quarterly trading record in strong growth period
    November 6, 2023
    Cummins has set a new quarterly net cash from operating activities record of US$1.5bn, a huge rise on the $382mn in Q3 2022.
    Read More

Highlighted Content