Kapsch TrafficCom to implement nationwide tolling system in Bulgaria for trucks over 3.5 tons

VIENNA, 16-Oct-2017 — /EuropaWire/ — Kapsch TrafficCom, a listed company, has been awarded the contract to implement a nationwide tolling system in Bulgaria for trucks over 3.5 tons, including technical configuration and provision of technical support. The contract also extends to introduction of an electronic vignette for passenger cars. The project will run for 19 months and comprises the delivery and setup of 500 terminals for registering and issuing electronic vignettes, 100 enforcement vehicles, 100 weigh-in-motion facilities, and 100 tolling gantries as well as a data center and a back office. Kapsch TrafficCom has seven months in which to complete the infrastructure.

For the Bulgarian contract, Kapsch TrafficCom will be implementing the company’s proprietary, satellite-supported vehicle identification and toll collection system. The system makes use of on-board tracking devices which employ satellite technology to determine the position of the trucks and automatically collect the tolls.

The advantage of this solution lies in its flexibility, which allows tolls to be calculated on the basis of distance driven, vehicle weight, road category, time of day, and current traffic situation. Tolls will be collected on all class I, II, and III roads, i.e. on all paved roads. That encompasses 16,000 to 18,000 kilometers, or approximately 80% of the road network. “Bulgaria is a key market for us in an extremely promising regional environment,” according to André Laux, COO of Kapsch TrafficCom. “We are quite pleased to be able to commence implementation after a very time-intensive bidding phase,” he adds.

Kapsch TrafficCom fulfilled 100% of the technical criteria for award of the contract, and also proved to be the lowest-priced bidder with a project volume of just under EUR 75 million. Bulgaria is the sixth European country in which Kapsch TrafficCom has been given responsibility for implementing a nationwide toll collection system, after Austria, Switzerland, Poland, the Czech Republic, and Belarus.

Kapsch TrafficCom is a provider of intelligent transportation systems in the fields of tolling, traffic management, smart urban mobility, traffic safety and security, and connected vehicles. As a one-stop solutions provider, Kapsch TrafficCom offers end-to-end solutions covering the entire value creation chain of its customers, from components and design to the implementation and operation of systems. The mobility solutions supplied by Kapsch TrafficCom help make road traffic safer and more reliable, efficient, and comfortable in urban areas and on highways alike while helping to reduce pollution.

Kapsch TrafficCom is an internationally renowned provider of intelligent transportation systems thanks to the many projects it has brought to successful fruition in more than 50 countries around the globe. The family-owned company is headquartered in Vienna, Austria and in 2017 celebrated 125 years of successfully developing and implementing new technologies for the benefit of its customers. As part of the Kapsch Group, Kapsch TrafficCom has subsidiaries and branches in more than 30 countries. It has been listed in the Prime Market of the Vienna Stock Exchange since 2007 (ticker symbol: KTCG). Kapsch TrafficCom currently has more than 4,800 employees, and generated revenue of approximately EUR 648.5 million in fiscal year 2016/17.

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Press contact:

Alf Netek
Chief Marketing Officer & Press Officer
Kapsch AG
Am Europlatz 2, 1120 Vienna, Austria
P +43 50 811 1700
alf.netek@kapsch.net

Alexandra Vieh
Head of Marketing and PR, Global
Kapsch TrafficCom AG
Am Europlatz 2, 1120 Vienna, Austria
P +43 50811 1728
alexandra.vieh@kapsch.net

Investor contact:

Hans Lang
Investor Relations Officer
Kapsch TrafficCom AG
Am Europlatz 2, 1120 Vienna, Austria
P +43 50 811 1122
ir.kapschtraffic@kapsch.net

SOURCE: Kapsch TrafficCom