Business Daily Media

Times Advertising

.

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

Phancy Group Scales up Computing Resources to Strengthen API Business Momentum

HONG KONG SAR - Media OutReach Newswire - 30 April 2026 - Phancy Group Co., Ltd. (Stock Code: 6682.HK) announced today that it proposes to purchase GPU servers and related accessories at a total c...

A Diamond Is Forever Partnered With Artifex Bride By Kindred Lubeck To Bring Desert Diamonds To The Tanner Fletcher Wedding Runway Show

This marks the debut of Artifex Bride NEW YORK, US - Media OutReach Newswire - 30 April 2026 – A Diamond Is Forever partnered with Artifex Bride by Kindred Lubeck to bring Desert diamonds to the T...

CyCraft XecART and XecGuard Recognized in OWASP AI Security Solutions Landscape

TAIPEI, TAIWAN - Media OutReach Newswire - 30 April 2026 – OWASP, the international non-profit cybersecurity organization, has released its latest AI Security Solutions Landscape. XecART and XecGu...

SIM Global Education Showcases Project 1095 Through Student Clubs

SINGAPORE - Media OutReach Newswire - 30 April 2026 - As higher education continues to evolve beyond academic achievement, Singapore Institute of Management Global Education (SIM GE) is reinforcin...

Expanding infrastructure for the age of AI commerce: Ant International connects over 150 million merchants with more than 2 billion consumers

New strategy highlights synergy among Global Payment, Global Account and Inclusive and Embedded Finance services built on progress in AI and interoperability. As a foundation to t...

HKSTP Deepens Southeast Asia I&T Ties at MTX 2026, Signs Inaugural MoU with Singapore’s TechX

Having led 100+ Hong Kong tech firms to SE Asia over the past year, accelerating global expansion through strategic collaboration HONG KONG SAR - Media OutReach Newswire - 30 April 2026 - Hong Ko...

Blue Launches New Campaign for "WeSave Short Term Insurance Plan ST1 (3-Year)" "Effortless Wealth Growth, Lock-in Guaranteed Returns"

Secure a 3-Year Guaranteed Return of 3.81% p.a. with a Single Premium HONG KONG SAR - Media OutReach Newswire - 30 April 2026 - Blue, Hong Kong's first digital life insurer, remains steadfast in i...

Sincere Healthcare Group and Landmark Medical Centre Mutually Agree to Terminate Agreement

Sincere Healthcare Group exits Landmark Medical Centre deal; affirms continuity of Johor operations JOHOR BAHRU, MALAYSIA & SINGAPORE - Media OutReach Newswire - 30 April 2026 - Sincere Health...

Hong Kong Design Centre Unveils 'From Memory to Horizon: The Visual Language of Hong Kong Tourism'

A Landmark Exhibition Exploring Seven Decades of How Hong Kong Told Its Story to the World HONG KONG SAR - Media OutReach Newswire - 30 April 2026 - Hong Kong Design Centre (HKDC), with the Cultu...

Ping An Digital Bank Announces FY2025 Annual Results, Net Interest Income Rose by over 60% YoY, Total Assets Achieved 135% Growth

Striding forward with the Brand Vision, “Always with You, Always Ahead” With the new brand vision"Always with You, Always Ahead," we provide professional support to help customers navigate...

PayNuts Unveils Expanded Integrated Solutions and Refreshed Brand to Support Australian SMEs

PayNuts, one of Australia’s fastest-growing payment service providers, has unveiled a refreshed brand identity and an expanded suite of integrated b...

BizCover Brings Australia’s First AI-Based Insurance Quotes to ChatGPT

Australian small business owners can now receive and compare business insurance quotes directly inside ChatGPT, in a move that signals a major shi...

VistaPrint Research Reveals Australian Small Businesses Face a Succession Cliff

With only 16% of retiring small businesses having a succession plan, tens of thousands risk closure as one in three owners nears retirement.  Ne...

Corporate volunteering grows up: how companies are shifting to meaningful, community-led impact

As workplaces settle into the new year and look for ways to strengthen culture, capability and connection, experts say corporate volunteering is e...

The Rise of Mobile-First Venues

Global Hospitality Platform, Tabit, Reveals Five Ways to Maximise Benefits of Mobile-First Systems  As Australian hospitality venues grapple with...

Why the SME is now the primary engine of global cybercrime

For over a decade, the most practical and effective advice we could offer an employee was to spot the typo. It was practical, it was free, and it wo...