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