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 CO2 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
© 2024 EQS Group
