{"id":90858,"date":"2015-06-17T14:54:56","date_gmt":"2015-06-17T12:54:56","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=90858"},"modified":"2015-06-17T15:00:15","modified_gmt":"2015-06-17T13:00:15","slug":"projects-dry-up-for-e-toll-management-firm","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/trending\/90858\/projects-dry-up-for-e-toll-management-firm\/","title":{"rendered":"Projects dry up for e-toll management firm"},"content":{"rendered":"

Kapsch Trafficom, the Austrian firm contracted to manage the controversial e-toll system, has this week reported a decline in annual revenue – due to the lack of new large toll projects.
\n<\/span><\/p>\n

Deputy president Cyril Ramaphosa announced the new dispensation for the implementation of the e-toll system in May after the initial system launched in December 2013, was largely rejected by the public, who refused to pay their e-toll bills.<\/p>\n

“The projects in Gauteng, South Africa, and in Belarus were in operation for their
\nfirst entire fiscal year, with a positive impact on the results,” Kapsch Trafficom<\/span> said in a statement earlier this week.<\/p>\n

However, it noted that the payment rate in Gauteng was still ‘below the planned
\nvalues’ while the planned project profitability has not yet been reached.<\/p>\n

“The operation projects continued to supply stable earnings contributions,” it said.<\/p>\n

“New major orders remained elusive due to a lack of invitations to tender,” Kapsch said.<\/p>\n

Before the implementation of e-tolls, Bloomberg reported that Kapsch TrafficCom expected to get\u00a0an annual revenue boost of \u201csignificantly more\u201d than \u20ac50 million for eight years from the Gauteng project.<\/p>\n

Kapsch Trafficom<\/span> said that it had distributed more than 1.4 million on-board units (OBUs) for electronic toll collection. This was up from an initial order of 918,000 units to Sanral in 2011.<\/p>\n

The group said it increased its headcount by 237 people to 3,545 as of 31 March 2015 compared to 3,308 as of 31 March 2014 – due in part to the take-over of external staff in its South African subsidiary ETC.<\/p>\n

Kapsch TrafficCom said that revenue during the fiscal year 2014\/15 amounted to \u20ac456.4 million, which corresponds to a decline of 6.3 % compared with the previous year.<\/p>\n

The profit for the period increased from \u20ac2.9 million in the previous year to \u20ac11.4 million, it said.<\/p>\n

More on Kapsch Trafficom<\/h3>\n

E-toll collections \u2018break-even\u2019<\/a><\/strong><\/p>\n

Thousands of motorists asking for e-toll discounts: Ramaphosa<\/strong><\/a><\/p>\n

Massive e-toll tender collusion in question<\/strong><\/a><\/p>\n

How government can spy on you through e-tolls<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Kapsch Trafficom has this week reported a decline in annual revenue – due to the lack of new large toll projects.<\/p>\n","protected":false},"author":10,"featured_media":77247,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[1804,26,8329],"class_list":["post-90858","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-trending","tag-e-tolls","tag-headline","tag-kapsch-trafficom"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/90858","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=90858"}],"version-history":[{"count":5,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/90858\/revisions"}],"predecessor-version":[{"id":90868,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/90858\/revisions\/90868"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/77247"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=90858"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=90858"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=90858"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}