euro adhoc: Kapsch TrafficCom AG
Government Contracts
The Czech Ministry of
Transport signed an amendment agreement with the consortium led by Kapsch
TrafficCom.
Not for publication in the United States of America, Canada, Australia and Japan
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
Contracts
28.12.2007
The Czech Ministry of Transport (CZ MoT) today announced that it has signed an amendment agreement to the contract for the supply and for the operation of the microwave technology based tolling system in the Czech Republic with the consortium led by Kapsch TrafficCom (Kapsch consortium). The amendment agreement formalizes the content of the second phase of construction of the electronic truck tolling system in the Czech Republic. The CZ MoT has now charged the Kapsch consortium with an extension of the system to include another approximately 1,000 km of future motorways, the construction or extension of which is scheduled to begin by the end of 2017.
"As the CZ MoT´s original conception for a tolling of 1st class roads with a microwave technology based tolling system was considered not to be sufficiently effective, we had to find a way with the Kapsch consortium how to change the parameters of the agreement concluded in 2006 for the delivery and operation services related to the system while also taking into account the original invitation to tender" explains deputy Minister of Transport, Jirí Hodac.
As of January 1, 2008, the Kapsch consortium will extend the existing truck tolling system by 37 toll gantries to cover about 180 km of selected 1st class roads mainly used by international transit traffic.
The distance-related tolls are to be extended to cover all vehicles of 3.5 tonnes or more by January 1, 2009, according to the CZ MoT´s most current plans. Kapsch TrafficCom Construction & Realisation, supplier of the tolling system in the Czech Republic, will make the necessary adaptations to the existing system and ensure supply of another 350,000 on-board units (OBUs). The third amendment agreement does not include a change to the overall value of the original contract of CZK 18.5 billion (net of VAT) for the supply and for the 10 years of operation of the system. The amendment agreement - except for certain parts directly relating to proprietary know-how of the Kapsch consortium - is published on the Ministry of Transport´s website, www.mdcr.cz.
For the extended use of the tolling system, the CZ MoT as well as the Road and Motorway Directorate of the Czech Republic (Reditelství silnic a dálnic, RSD), the administrator of the electronic truck tolling system in the Czech Republic, has now charged the Kapsch consortium with the implementation of the interface for a future satellite-based toll collection system on 1st class, 2nd class and 3rd class roads as well as with the supply of an interface for telematic applications and the implementation of a traffic regulation system for the D1 motorway route. The project aims at improving road safety and optimizing traffic flow. RSD has also officially extended its service agreement with Kapsch Telematic Services of the Czech Republic from 5 to 10 years, as envisaged in the original invitation to tender.
Adaptations and additions to the tolling system are expected to cost about CZK 3 billion, in which Czech sub-contractors will participate to a high degree.
Kapsch TrafficCom is an international supplier of innovative road traffic telematics systems, products and services. Its principle business is the development and supply of electronic toll collection (ETC) systems, in particular MLFF (multi-lane free-flow) ETC systems, and the technical and commercial operation of such systems. Kapsch TrafficCom also supplies traffic management systems, with a focus on road safety and traffic control, and electronic access systems and parking management. With more than 130 tolling systems installed in 30 countries in Europe, Australia, Latin America, the Asian/Pacific region and South Africa, and more than nine million transponders and 11,000 equipped lanes, Kapsch TrafficCom has positioned itself among the market leaders in ETC systems worldwide. Kapsch TrafficCom has more than 750 employees, approximately 150 thereof in its research and development activities.
Vienna, December 28, 2007
Legal information This stock exchange announcement constitutes neither an offer to sell nor a solicitation to buy any securities. The securities have already been sold.
This stock exchange announcement and the information it contains are
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U.S.A. The securities of Kapsch TrafficCom AG have not been
registered under the provisions of the Securities Act and may not be
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(i) outside the United Kingdom, or (ii) who are investment
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"Order"), as amended, or (iii) who are included under article
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Persons, and investment business will only be transacted with
Relevant Persons.end of announcement euro adhoc
Further inquiry note:
For more information
Marcus Handl
Investor Relations
Kapsch TrafficCom AG
Tel: +43 (0) 50 811 1122
Wagenseilgasse 1, A-1120 Vienna, Austria
E-mail: ir.kapschtraffic@kapsch.net
www.kapschtraffic.com
Branche: Technology
ISIN: AT000KAPSCH9
WKN:
Index: Prime.market
Börsen: Wiener Börse AG / official market