Business Daily Media

Men's Weekly

.

Kapsch TrafficCom wins IRF award for satellite-tolling project

  • Award-winning GNSS tolling system covers 16,000 km of roads
  • System was awarded for design, implementation and positive impact

VIENNA, AUSTRIA - EQS Newswire - 30 September 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.

The issuer is solely responsible for the content of this announcement.

News from Asia

Dusit Thani Bangkok earns its place among the world’s top 100 hotels

One year after reopening, the reimagined flagship continues to set new benchmarks for luxury and Thai-inspired gracious hospitality – ranking #60 on the inaugural extended list of The World’s 50 Be...

amfori Asia Sustainability Summit 2025 sets course for resilient, responsible and sustainable supply chains

HONG KONG SAR - Media OutReach Newswire - 5 November 2025 - Organised by amfori, a leading global business association for sustainable trade, "amfori Asia Sustainability Summit 2025" was successfu...

Galaxy Macau Presents Tatler Off Menu

Tickets to Macau's upcoming culinary festival are selling fast, book now to secure your table at the Saturday lunch session to enjoy creations by award-winning masters of gastronomy from around the...

HKSTP Manifesting 20 Latest BFSI Tech and Translation of R&D at Hong Kong FinTech Week x StartmeupHK Festival 2025

MoU signed by 4 entities in laying the groundwork for AI-powered solutions in Compliance HONG KONG SAR - Media OutReach Newswire - 5 November 2025 - Hong Kong Science and Technology Parks Corporat...

Flu Wave Hits Southeast Asia, Highlighting Gaps in Protection for the Elderly

HO CHI MINH CITY, VIETNAM - Media OutReach Newswire - 5 November 2025 - Many countries in Asia are reporting a sharp rise in flu cases. The intensified rainy season is fueling transmission and cre...

One Step One Realm IP Makes Appearance at APEC 2025

GYEONGJU, SOUTH KOREA - Media OutReach Newswire - 5 November 2025 - On October 31, 2025, the "One Step One Realm" international integrated cultural tourism brand IP attended the APEC CEO SUMMIT...

pCloud Launches 11.11 Exclusive Offer: Lifetime Storage and Encryption Plans at Record-Low Prices

Swiss cloud storage leader pCloud introduces limited-time lifetime deals for Asian markets from November 3 to November 17, offering unmatched value on secure digital storage. ZUG, SWITZERLAND - Me...

Allianz Commercial: AI and cloud computing drive global construction boom for data centers

Global spending on data centers is expected to reach several trillion US dollars by 2030 with the US and China as main drivers of growth.

ASEAN’s Largest Japanese F&B Exhibition Returns for its 13th Edition

SINGAPORE - Media OutReach Newswire - 8 October 2025 - Food Japan 2025, ASEAN's premier exhibition for Japanese food and beverage (F&B) products, technology, and services, opened today for its...

The AI Era Edge Hardware Revolution: Lens Technology’s Vision and Execution

HONG KONG SAR - Media OutReach Newswire - 6 November 2025 - Lens Technology Co., Ltd. (6613.HK / 300433.SZ) today presented a keynote address titled "The AI Era Edge Hardware Revolution: Lens...

Australia’s Young Entrepreneurs Redefining Success Through Legacy and Community Impact

A new generation of young Australian small business owners is redefining success, driven by a desire to create a lasting legacy through the positi...

Lessons in AI: How LoanOptions.ai Shows What Smart Adoption Really Looks Like

In a world where many small businesses are still trying to work out how to actually use AI (not just talk about it), Australian fintech LoanOption...

Driving smarter: how car subscription models are redefining mobility and financial flexibility

The world of mobility is changing fast, and car ownership is no longer the default. Across Australia, professionals and businesses alike are seeki...

The Future of Wealth Technology

“You shouldn’t need a large account balance to experience real-time investing. Technology should make that kind of access universal.” For decades...

Thryv wins national accolade at 2025 Australian Service Excellence Awards

  Thryv® (NASDAQ: THRY), Australia’s provider of the leading small business marketing and sales software platform, announced that Greg Nicolle, G...

pay.com.au unveils first-of-its-kind FX rewards feature, becoming the most flexible rewards solution for Aussie businesses

pay.com.au, the end-to-end payments and rewards platform, today announced the launch of International Payments, Australia’s first foreign exchange...