Put companies on watchlist
Kapsch TrafficCom AG
ISIN: AT000KAPSCH9
WKN: A0MUZU
About
Company Snapshot
New: Enable Investor Alerts
Be informed about new publications
New: AI Factsheet

Corporate News meets AI! 
Content analysis and summary

EN GIF 300X250

Kapsch TrafficCom AG · ISIN: AT000KAPSCH9 · EQS - Company News (58 News)
Country: Austria · Primary market: Austria · EQS NID: 1997575
30 September 2024 03:15AM

Kapsch TrafficCom wins IRF award for satellite-tolling project



EQS-Media / 30.09.2024 / 03:15 CET/CEST

  • Award-winning GNSS tolling system covers 16,000 km of roads
  • System was awarded for design, implementation and positive impact
Vienna, Austria, September 30, 2024 – Kapsch TrafficCom is proud to announce that the Bulgarian "Nationwide Tolling & E-Vignette System" was awarded the prestigious Road Finance Excellence Award by the International Road Federation (IRF).
This recognition underscores the innovative design, exceptional implementation, and the positive impact of the GNSS (Global Navigation Satellite System)-based tolling system on the country’s transportation infrastructure. The award ceremony took place on September 26, 2024, during the IRF Europe & Central Asia Congress Gala Dinner in Plovdiv, Bulgaria.
Georg Kapsch, CEO of Kapsch TrafficCom, explains: “The award highlights the capabilities of our GNSS technology to cover thousands of kilometers of road. We are bringing together our extensive global experience with the local market expertise of our partners. This allows us to deploy our solution in a way that fits local needs while delivering a flexible, scalable, future-proof and sustainable system for financing infrastructure while at the same time reducing CO emissions by optimizing traffic flow.”
The Bulgarian Nationwide Tolling System
Launched in 2019 in partnership with Bulgaria’s Road Infrastructure Agency (RIA), this project transitioned the country’s tolling system from time-based vignettes to a distance-based model for heavy goods vehicles (HGV) using cutting-edge satellite tolling technology. The system covers over 16,000 kilometers of roads, managing electronic tolls for trucks and e-vignettes for passenger vehicles. By 2020, GNSS tolling for all HGVs was introduced, generating a 10% revenue increase from e-vignettes and additional gains from enhanced enforcement measures.
Kapsch worked closely with the RIA and consulting teams, coordinating seven specialized working groups for road infrastructure, data centers, tolling, enforcement, and payment systems. Over 500 authority staff were trained, and the project’s scope includes 24/7 technical support and maintenance. The system also integrates various sales channels, including web platforms, mobile apps, and self-service terminals.
The International Road Federation (IRF) is a global, not-for-profit organization dedicated to promoting safe, sustainable, and efficient road networks worldwide. The recognition by the IRF marks another milestone in the successful deployment of tolling systems by Kapsch TrafficCom around the globe.
More information: Press | Kapsch TrafficCom

Press Contact:
Sandra Bijelic 
Head of Corporate Communications 
Kapsch TrafficCom AG 
Am Europlatz 2, 1120 Vienna, Austria 
P +43664628 1720 
sandra.bijelic@kapsch.net 
 


End of Media Release


Issuer: Kapsch TrafficCom AG
Key word(s): Traffic

30.09.2024 CET/CEST This Press Release was distributed by EQS Group AG. www.eqs.com


Language: English
Company: Kapsch TrafficCom AG
Am Europlatz 2
1120 Vienna
Austria
Phone: +43 50811 1122
Fax: +43 50811 99 1122
E-mail: ir.kapschtraffic@kapsch.net
Internet: www.kapschtraffic.com
ISIN: AT000KAPSCH9
WKN: A0MUZU
Listed: Vienna Stock Exchange (Official Market)
EQS News ID: 1997575

 
End of News EQS Media

1997575  30.09.2024 CET/CEST

fncls.ssp?fn=show_t_gif&application_id=1997575&application_name=news&site_id=boersengefluester~~~ace3d64b-2049-452a-8d18-fbc8044c4b5f
Visual performance / price development - Kapsch TrafficCom AG
Smart analysis and research tools can be found here.

This publication was provided by our content partner EQS3.

EQS Newswire
via EQS - Newsfeed
EQS Group AG ©2024
(DGAP)
Contact:
Karlstraße 47 D-80333 München
+49 (0) 89 444 430-000

 

SMART * AD
EN GIF 970X250

P R O D U C T   S U G G E S T I O N S

The information presented here has been provided by our content partner EQS-Group. The originator of the news is the respective issuer, the company relating to the news, a publication service provider (press or information agency) which uses the distribution service of EQS to transmit company news to shareholders, investors, investors or interested parties. The original publications and other company-relevant information can be found at eqs-news.com.


The information you can access does not constitute investment advice. The presentation of our cooperation partners, where the implementation of investment decisions would be possible depending on the individual risk profile, is solely at the discretion of the person using the service. We only present companies of which we are convinced that the range of services and customer service will satisfy discerning investors.

If you are considering leverage products, familiarise yourself with the typical characteristics of the financial instruments beforehand. Take the time to determine the risk content of the planned investment before making an investment decision. Bear in mind that a total loss cannot be ruled out with leverage products.

For newcomers to the subject, we offer various options in both the training and the tools section, through which you can train theoretical knowledge and practical experience and thus improve your skills. The offer ranges from participation in webinars to personal mentoring. The range is continuously being expanded.


1 Lab features are usually functionalities that emerge from the think tank of the investor community. In the early stages, these are experimental functionalities whose development process is largely determined by use and the resulting feedback from the community. When integrating external services or functionalities, the functionality can only be guaranteed to the extent that the individual process elements, such as interfaces, interact with each other.