Kapsch Says South African Toll-Road Revenue Boost Coming in July
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Kapsch TrafficCom AG, the Austrian maker of toll-road systems, said it would get an annual revenue boost of more than 50 million euros ($66.4 million) from a delayed South African project that may start next month.
“All judicial and parliamentary hurdles are out of the way,” board member Andre Laux said at a press conference in Vienna today. The system, which has faced opposition from road users, labor unions and car rental agencies, is expected to go live by mid-July, he said.