EANS-Adhoc: Kapsch TrafficCom AG
The South African National Roads Agency Ltd.
(SANRAL) awards contract for the Gauteng toll system (GORT) to a consortium led
by Kapsch TrafficCom
ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement.
19.09.2009
Vienna, September 19, 2009. Kapsch TrafficCom AG (ISIN AT000KAPSCH9), listed on the Vienna Stock Exchange in the prime market segment, states in the name of Electronic Toll Collection (ETC), a joint venture led by the South African subsidiary of the Swedish Kapsch TrafficCom AB, a subsidiary of the Austrian Kapsch TrafficCom AG, that the South African National Roads Agency Ltd (SANRAL) has published the following announcement:
"MEDIA RELEASE issued by THE SOUTH AFRICAN NATIONAL ROADS AGENCY LTD 18 SEPTEMBER 2009 SANRAL AWARDS CONTRACT FOR GAUTENG TOLL SYSTEM
The contract for the implementation and operations of a multilane free flow tolling system (also known as open road tolling - ORT) has been awarded to the Electronic Toll Collection joint venture (ETC) by the South African National Roads Agency Ltd (SANRAL). The value for the implementation of the toll system is R1,16 billion. The system will be installed over a period of 18 months and is scheduled to `go-live´ in April 2011. The toll system is implemented as part of the Gauteng Freeway Improvement Project (GFIP) which involves the current first phase upgrading of 185km freeways in Gauteng, including sections of the N1, N3, N12 and R21. Future phases for the upgrading and expansion of the freeway network also forms part of this project. The current upgrades include the widening of the freeway to up to four lanes in each direction and six lanes in some cases which will result in the traffic flow on the N1 between Pretoria and Johannesburg to be considerably enhanced. Adding to the smooth flow of traffic would be the new interchanges which were specifically designed to reduce the present problems being experienced by traffic backing up on off-ramps and then spilling on to the highway where traffic backed up. The upgrading that is undertaken by SANRAL also includes the "travel demand management" aspects. Tolling of highways should also be seen in this context. By introducing high occupancy lanes for cars carrying more than just a driver, the demand on the freeway is reduced and traffic flow is significantly improved. Tolls on the upgraded roads will be collected only by means of electronic equipment at tolling points (Open Road Tolling), without having physical toll plazas that requires road users to slow down or stop. In essence, this means that there will be a free-flow of traffic. The funding for this project is raised through the issuing of bonds in terms of SANRAL´s Domestic Medium Term Note (DMTN) programme. The programme allows the organisation to `tap´ the market at regular intervals to meet its commitments. SANRAL prides itself on being a conscientious organisation and has therefore subjected itself to a due diligence exercise by an independent ratings agency - Moody´s. SANRAL was assigned a global scale issuer ratings, with stable outlook, of A3 (long term) and Prime-2 (short term) and a national scale issuer rating of Aa2.za and a short term rating of P-1.za with a stable outlook."
Kapsch TrafficCom is an international supplier of innovative road traffic telematics solutions. Its principle business is the development and supply of electronic toll collection (ETC) systems, in particular for the multi-lane free-flow (MLFF) of the traffic, 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 220 references in 36 countries in all five continents, and with almost 15 million delivered on-board units (OBUs) and more than 13,000 equipped lanes, Kapsch TrafficCom has positioned itself among the leading suppliers of ETC systems worldwide. Kapsch TrafficCom is headquartered in Vienna, Austria, and has subsidiaries and representative offices in 23 countries.
Disclaimer
This ad-hoc release constitutes neither an offer to sell nor a solicitation to buy any securities. The securities have already been sold.
This ad-hoc release and the information it contains are not for
publication in the United States of America (U.S.A.) and may not be
distributed to U.S. persons (as defined in Regulation S of the U.S.
Securities Act ("Securities Act") of 1933, as amended) or to
publications with a general circulation in the U.S.A. This stock
exchange announcement does not constitute an offer for the sale of
securities or solicitation of an offer to purchase securities in the
U.S.A. The securities of Kapsch TrafficCom AG have not been
registered under the provisions of the Securities Act and may not be
offered, sold or delivered to U.S. persons without prior registration
under or exemption from the registration requirements.This ad-hoc release is exclusively addressed to persons (i) outside
the United Kingdom, or (ii) who are investment professionals for the
purposes of article 19(5) U.K. Financial Services and Markets Act
2000 (Financial Promotion) Order 2005 (the "Order"), as amended, or
(iii) who are included under article 49(2)(a)-(d) of the Order ("high
net worth companies, unincorporated associations, etc.). All such
persons are hereinafter referred to as "Relevant Persons". No person
who is not a Relevant Person may take action on the basis of this
press release or the information contained herein or rely thereon.
Investment or investment activities in connection with this press
release are only available to Relevant Persons, and investment
business will only be transacted with Relevant Persons.Further inquiry note:
Marcus Handl
Investor Relations
Kapsch TrafficCom AG
Tel: +43 (0) 50 811 1120
Am Europlatz 2, A-1120 Vienna, Austria
E-mail: ir.kapschtraffic@kapsch.net
www.kapschtraffic.com
Branche: Technology
ISIN: AT000KAPSCH9
WKN:
Index: Prime.market
Börsen: Wien / official market