MCLEAN, Va.--(BUSINESS WIRE)--The Port Authority of New York and New Jersey (PANYNJ) has awarded Kapsch TrafficCom (Kapsch) a contract to replace all roadside equipment in the mixed-mode, dedicated mode, and express toll lanes at all bridges and tunnels managed by PANYNJ. Kapsch will replace the toll collection system at PANYNJ’s bridge and tunnel facilities, as well as perform ongoing system maintenance upon completion of the new toll system installation.
The initial contract is for the design and implementation of the replacement toll collection system (RTCS) at PANYNJ’s six bridge and tunnel facilities, including the Bayonne, Goethals, Outerbridge Crossing, and George Washington bridges, as well as the Holland and Lincoln tunnels. Once Kapsch completes the RTCS installation it will, maintain the RTCS for a six-year period, with options to extend for up to three (3) two-year periods. The potential total value of the entire two-part project to Kapsch is approximately $147 million.
Kapsch is a leading provider of toll collection systems throughout the world, with a strong local presence in New York and New Jersey and has provided products and services to the E-ZPass Group since 1994. “As the first collaborative project between Kapsch TrafficCom and its recently-acquired Schneider Electric transportation business division, it represents the power of these newly-joined businesses to create original and unique value for our customers,” said Georg Kapsch, CEO of Kapsch TrafficCom AG. The acquisition was completed in April 2016 and included an industry-leading portfolio of integrated Advanced Traffic Management Software (ATMS) solutions – for urban, highway, and tunnel applications; electronic toll collection; and transit solutions. Chris Murray, President of Kapsch TrafficCom North America, added: “Customers across North America continue to see the value in the quality and technical service commitment of Kapsch TrafficCom. We believe our collaborative and transparent approach to partnership creates unique value for our North American customers.”
The initial work will commence in August 2016, with all toll collection system equipment to be replaced by the end of 2020.
Kapsch TrafficCom is a provider of intelligent transportation systems (ITS) in the segments of toll collection, traffic management, safety and security, smart urban mobility and connected cars. The end-to-end solutions of Kapsch TrafficCom cover the entire value creation chain of its customers as a one-stop shop, from components and design to the installation and operation of systems. The core business comprises the development, installation and operation of electronic toll collection and traffic management systems.
References in 44 countries on all continents have made Kapsch TrafficCom a globally recognized ITS provider. As part of the Kapsch Group, an Austrian family-owned technology group founded in 1892, Kapsch TrafficCom is headquartered in Vienna, Austria, and has subsidiaries and branches in 30 countries. It has been listed since 2007 on the Vienna Stock Exchange (KTCG) and generated revenues of EUR 526 million in the fiscal year 2015/16 with over 3,700 employees.
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