EQS-News: Kapsch TrafficCom secures 50-year Tolling Contract for Louisiana Bridge Project
   EQS-News: Kapsch TrafficCom AG / Key word(s): Contract
   Kapsch TrafficCom secures 50-year Tolling Contract for Louisiana Bridge
   Project

   19.08.2024 / 14:15 CET/CEST
   The issuer is solely responsible for the content of this announcement.

   ══════════════════════════════════════════════════════════════════════════

   Kapsch TrafficCom secures 50-year Tolling Contract for Louisiana Bridge
   Project

     • Significant Public Private Partnership infrastructure initiative led
       by the Louisiana Department of Transportation and Development
     • Valued at USD 230 million over a period of fifty years

    

   Duluth, August 19, 2024 – Kapsch TrafficCom announces the Financial Close,
   and selection as the Tolling Contractor for the Interstate 10 Calcasieu
   River Bridge project in Louisiana (I-10 Project).  The I-10 Project is
   another significant Public Private Partnership infrastructure initiative
   led by the Louisiana Department of Transportation and Development (LADOTD)
   and Calcasieu Bridge Partners (CBP).

   The Consortium is led by Kapsch TrafficCom long-time partner Plenary
   Americas. Kapsch TrafficCom will provide its end-to-end tolling services,
   as the Tolling Contractor and System Integrator to CBP and to the LADOTD.

   The Tolling portion of the I-10 Project, valued at USD $230 million over a
   period of fifty years, involves a public-private partnership (P3), a
   collaborative arrangement where the state government and private sector
   companies invest to develop critical public infrastructure projects. The
   I-10 Project aims to significantly improve traffic on the vital I-10
   corridor in Lake Charles, and represents an advancement in infrastructure,
   safety, reliable mobility, and economic growth for drivers and industry
   within the entire Southwest Louisiana region.

   JB Kendrick, President at Kapsch TrafficCom North America, explains: “We
   are honored to be part of such a transformative project that will have a
   lasting impact on Louisiana's landscape. The 50-year contract duration is
   exceptional and underscores the confidence in our technology and expertise
   to support this vital corridor's long-term success. Adding I-10 to our
   current LA1 and Belle Chasse projects continues to provide synergy for the
   road users throughout the region, marking a significant milestone in our
   efforts to enhance Louisiana's transportation infrastructure.”

   The I-10 Project, valued at more than USD 2.1 billion, involves the
   construction of a new bridge, interstate corridor improvements, ramps,
   interchanges, and service roads over the Calcasieu River in the Lake
   Charles region of Louisiana.  Kapsch TrafficCom is providing its Roadside
   and Backoffice systems, including operational support with walk-up and
   customer service for this important project.

   Kapsch TrafficCom: At the Forefront of Innovation

   Leveraging Kapsch TrafficCom’s current deployments in Louisiana with Belle
   Chasse and LA1, the I-10 Calcasieu River project will also utilize the
   Kapsch TrafficCom comprehensive commercial back office and operations
   staff for the next five decades. The tolling system is designed to
   commence after the bridge opens to traffic, ensuring efficient and
   seamless toll collection.

   More information:  (1)Press | Kapsch TrafficCom

    

    

   Kapsch TrafficCom is a globally renowned provider of transportation
   solutions for sustainable mobility with successful projects in more than
   50 countries. Innovative solutions in the application fields of tolling,
   tolling services, traffic management and demand management contribute to a
   healthy world without congestion.

   With one-stop-shop-solutions, the company covers the entire value chain of
   customers, from components to design and implementation to the operation
   of systems.

   Kapsch TrafficCom, headquartered in Vienna, has subsidiaries and branches
   in more than 25 countries and is listed in the Prime Market segment of the
   Vienna Stock Exchange (ticker symbol: KTCG). In its 2023/24 financial
   year, about 4,000 employees generated revenues of EUR 539 million.

    

   Press contact:                         
   Carolin Treichl                       Sandra Bijelic 
   Executive Vice President Marketing &  Head of Corporate Communications 
   Communications                        Kapsch TrafficCom AG 
   Kapsch TrafficCom AG                  Am Europlatz 2, 1120 Vienna,
   Am Europlatz 2, 1120 Vienna, Austria  Austria 
   P +43 50 811 1710                     P +43664628 1720 
   (2)carolin.treichl@kapsch.net         (3)sandra.bijelic@kapsch.net 
                                          
                                          

   Further information: (4)www.kapsch.net/ktc
   Follow us on (5)LinkedIn

    

   ══════════════════════════════════════════════════════════════════════════

   19.08.2024 CET/CEST This Corporate News was distributed by EQS Group AG.
   www.eqs.com

   ══════════════════════════════════════════════════════════════════════════

   Language:    English
   Company:     Kapsch TrafficCom AG
                Am Europlatz 2
                1120 Vienna
                Austria
   Phone:       +43 50811 1122
   Fax:         +43 50811 99 1122
   E-mail:      ir.kapschtraffic@kapsch.net
   Internet:    www.kapschtraffic.com
   ISIN:        AT000KAPSCH9
   WKN:         A0MUZU
   Listed:      Vienna Stock Exchange (Official Market)
   EQS News ID: 1970579


    
   End of News EQS News Service


   1970579  19.08.2024 CET/CEST

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