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20.12.2019 – 17:33

Kapsch TrafficCom AG

EANS-Adhoc: Kapsch TrafficCom wins major project in the USA.

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  Disclosed inside information pursuant to article 17 Market Abuse Regulation
  (MAR) transmitted by euro adhoc with the aim of a Europe-wide distribution.
  The issuer is responsible for the content of this announcement.
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Contracts
20.12.2019

Vienna - Kapsch TrafficCom is supplier to Plenary Infrastructure Belle Chasse
LLC, a consortium just awarded by the Louisiana Department of Transport and
Development with the Belle Chasse Bridge & Tunnel Replacement Public-Private
Partnership Project. Kapsch TrafficCom will provide the consortium with tolling
technology and operate and maintain the toll system. Implementation activities
are scheduled to commence in 2023 followed by 30 years of technical and
commercial operations. The project volume for Kapsch TrafficCom is estimated to
be more than 100M USD over the 30 year term.

The overall project entails the building of a four-lane bridge to replace the
current traffic infrastructure (a bridge and a tunnel). The newly constructed
bridge includes a modern all-electronic tolling technology (which does not
require toll booths), as part of the first Private, Public, Partnership (P3)
project in the state. The awarded consortium will recoup its investment through
tolls paid by motorists using the new bridge. The project is scheduled to start
in January 2020 and has a total term of approximately 34 years, just over 4
years to build the bridge and 30 years of operations and maintenance.




Further inquiry note:
Press contact:
Carolin Treichl 
Executive Vice President Marketing & Communications 
Kapsch Aktiengesellschaft 
Am Europlatz 2, 1120 Vienna, Austria 
P +43 50811 1710 
carolin.treichl@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

end of announcement                         euro adhoc
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issuer:       Kapsch TrafficCom AG
              Am Europlatz  2
              A-1120 Wien
phone:        +43 1 50811 1122
FAX:          +43 1 50811 99 1122
mail:      ir.kapschtraffic@kapsch.net
WWW:       www.kapschtraffic.com
ISIN:         AT000KAPSCH9
indexes:      
stockmarkets: Wien
language:     English
 

Original content of: Kapsch TrafficCom AG, transmitted by news aktuell