on Kapsch TrafficCom AG (isin : AT000KAPSCH9)
Kapsch TrafficCom Wins IRF Award for Satellite-Tolling Project
Kapsch TrafficCom has announced that its Bulgarian "Nationwide Tolling & E-Vignette System" has received the Road Finance Excellence Award from the International Road Federation (IRF).
The recognition highlights the innovative design, exceptional implementation, and positive impact of the GNSS (Global Navigation Satellite System)-based tolling system on Bulgaria's roads. The award ceremony took place on September 26, 2024, in Plovdiv, Bulgaria.
CEO Georg Kapsch emphasized the system's ability to cover over 16,000 kilometers of road, blending global experience with local expertise. The initiative, launched in 2019, has transitioned Bulgaria's tolling system from time-based vignettes to a distance-based model for heavy goods vehicles (HGV).
The system has led to a 10% revenue increase and features 24/7 technical support, multiple sales channels, and comprehensive training for over 500 authority staff.
R. E.
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