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

  • ASECAP: maintenance mindshift turns spending into investment
    August 4, 2017
    With an estimated value of €8 trillion, the road infrastructure is probably the European Union’s largest single asset. It accounts for 83% of passenger journeys and more than 70% of freight movement. Despite this importance, global investment in roads - especially maintenance - has fallen, said Christophe Nicodeme, European Road Federation secretary general. There are grave consequences, noted Nicodeme in his opening keynote address to the recent Study and Information Days gathering, an annual event for mem
    Read More
  • Winter maintenance challenge
    February 29, 2012
    Many countries had their most severe winter for years, but it could have been much worse without the right equipment and technology as Patrick Smith reports. As many countries faced up to the 2010-2011 winter, hard-pressed maintenance teams did their best to keep things moving on the roads. With some of the lowest temperatures and heaviest snowfalls on record, the UK, Republic of Ireland, Switzerland, France, Scandinavia, Germany, and Belgium were among those affected. Russia, eastern Europe and the USA did
    Read More
  • Benin airport job for Topcon’s RD-M1 scanner
    May 13, 2022
    A $16 million runway project at Cotonou Cadjehoun Airport needed Topcon Positioning’s RD-M1 road scanner to ensure precise milling and quality resurfacing.
    Read More
  • DenimoTech focuses on today's challenges
    November 27, 2012
    Empty environmental commitments from governments, falling bitumen quality and the impact of the economic crisis - DenimoTech asked some of its global distributors about the challenges of today’s markets - Kristina Smith was there to listen in Competition from Chinese manufacturers; highways abandoned half-built; the worst year for road building in the last 20 years. These are challenging times for DenimoTech’s distributors whose goal is to sell the firm’s bitumen emulsion and polymer modified bitumen plants
    Read More

Highlighted Content