EANS-Adhoc: Kapsch TrafficCom wins major contract in Russia
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Contracts
29.12.2011
Vienna, December 29, 2011. Kapsch TrafficCom AG (ISIN AT000KAPSCH9), listed on
the Vienna Stock Exchange in the prime market segment, reports that the Russian
Highway company Avtodor published the following press release today (the
following is an unauthorised excerpt in English of the Russian source text):
"PRESS RELEASE issued by The Russian Highway company Avtodor Moscow, DECEMBER
29, 2011
[The supervisory board of Avtodor has approved long-term operation contract
The supervisory board of State Company "Avtodor" has approved the long-term
operation contract for repair, maintenance and toll-based operation of a segment
of the M4 «Don» Highway with OOO United Toll Systems (UTS). The subject of the
contract is the operation of the km 225.6 - km 633.0 segment of the M4 «Don»
Highway. The 10-year contract will be structured with a 3-year extension option.
A key responsibility of UTS will be implementation of an Intelligent
Transportation System (ITS) on the km 225.6 - km 633.0 section - advanced and
highly efficient traffic management technologies developed based on the best
Russian and international expertise and the latest achievements in IT and
telecommunication technologies. A combination of traffic information support and
traffic management systems, ITS will significantly enhance traffic safety and
traffic control in the area, including through rapid accident response
capability.
The concept of the operation contract envisioning installation of traffic
control infrastructure, maintenance and operation, including toll collection per
se, is new to the Russian market. Such contracts will facilitate further
development of the national road network and offer users world-class toll
highway service and finally ensure integration of Russian toll roads into a
European toll roads system.
The 1,500 km-long M4 «Don» Federal Highway links Moscow with Novorossiysk via
Voronezh, Rostov-on-Don and Krasnodar. The length of the highway toll segments
is expected to total 662.9 km (40% of the highway).]"
The original release by the Russian Highway company Avtodor is available at the
website of the authority under
http://www.russianhighways.ru/news/757-nablyudatelnyj-sovet-avtodora-odobril-zaklyuchenie-dolgosrochnogo-operatorskogo-kontrakta-s-ooo-obedinennye-sistemy-sbora-platy-osp.html.
end of ad-hoc-announcement
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Kapsch TrafficCom is an international supplier of superior intelligent
transportation systems (ITS) and primarily supplies electronic toll collection
systems. With its end-to-end solution portfolio, Kapsch TrafficCom covers the
entire value creation chain of its customers, from products and systems to
integration and operations, as a one-stop shop. Kapsch TrafficCom also offers
solutions for urban access management as well as for traffic safety and
security. Add-on applications to these solutions, such as traffic data
collection, complement the offering. With references in 41 countries in all 5
continents, Kapsch TrafficCom has positioned itself among the internationally
recognized suppliers of intelligent transportation systems. Kapsch TrafficCom AG
is headquartered in Vienna, Austria, and represented in 25 countries.
United Toll Systems. ООО United Toll Systems is a joint
venture, created by OAO Mostotrest and OOO Kapsch TrafficCom Russia in order to
implement toll road operation projects, and to develop and introduce optimal
technological solutions with intelligent traffic management systems. OAO
Mostotrest is the controlling shareholder in a joint venture with share of 51%.
Kapsch TrafficCom Russia holds 33.3 % of the Joint Venture.
Mostotrest (including Corporation Engtransstroy and Transstroymekhanisatsiya) is
the largest diversified infrastructure and bridge-building company in Russia.
Mostotrest core competences include construction and renovation of automobile,
railway and urban bridges, automobile roads and other transport infrastructure.
The company was established in 1930 as a developer of complex and oversized
bridges, and has built and renovated more than 7,500 infrastructure projects
(bridges, flyovers, tunnels and interchanges) to date. Mostotrest is currently
implementing major infrastructure development projects across Russia, including
transport infrastructure for the 2014 Sochi Olympics. For more detailed
information, please visit www.mostotrest.ru.
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.netwww.kapschtraffic.com
~
end of announcement euro adhoc
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issuer: Kapsch TrafficCom AG
Am Europlatz 2
A-1121 Wien
phone: +43 1 50811 1122
FAX: +43 1 50811 99 1122
mail: ir.kapschtraffic@kapsch.net
WWW: www.kapschtraffic.com
sector: Technology
ISIN: AT000KAPSCH9
indexes: Prime Market
stockmarkets: official market: Wien
language: English