RSSAustria-headquartered 3608 EFKON Group has announced that its Efkon India subsidiary has received four prestigious tolling and ITS contracts valued at some US$8.8 million in total.
The company has received a repeat contract from5376 Oriental Structural Engineers to provide the complete ITS product-mix for the Nagpur Bypass project. This contract includes the delivery of advanced traffic management systems (ATMS) for 117 kms and 44 lanes of semi-automatic toll system integrated with a weigh-in-motion (WIM) system.
Efkon has also won repeat contracts from the Malaysian Concessionaire5375 IJM to provide toll systems at its REWA project and continued toll operation and maintenance services at the Vijywada project.
Meanwhile, a turn-key outbound logistics solution contract for Maruti Suzuki, the largest car manufacturer in India, has also been awarded to Efkon. This project includes installation of state-of-the-art tracking boxes and a back-end solution for a fleet of around 3,000 trucks. It is one of the first of its kind solutions being implemented India in the B2B sector.
Efkon has also won one of the largest contracts to date in the Indian tolling industry. The company will provide to the Jaypee Group a turn-key toll management system at the prestigious 165-kms Yamuna Expressway Project covering 129 Toll Lanes across three main-line and seven ramp plazas.
“We have a long-term, successful strategy for the Indian market. The above contracts confirm Efkon‘s market leadership; both in technology and market share in a very competitive Indian ITS market. This market has huge potential and I am sure that we can increase our market shares in India through our solutions,” says Dr. Raimund Pammer, CTO Efkon AG.
India is one of the fastest growing economies of the world and the second-most populous country with over 1.2 billion people. The volume of traffic has increased strongly in recent years. Efkon has been operating in the Indian market successfully for over twelve years now and says it is a market leader in the field of providing ITS solutions for toll roads market.
The company has received a repeat contract from
Efkon has also won repeat contracts from the Malaysian Concessionaire
Meanwhile, a turn-key outbound logistics solution contract for Maruti Suzuki, the largest car manufacturer in India, has also been awarded to Efkon. This project includes installation of state-of-the-art tracking boxes and a back-end solution for a fleet of around 3,000 trucks. It is one of the first of its kind solutions being implemented India in the B2B sector.
Efkon has also won one of the largest contracts to date in the Indian tolling industry. The company will provide to the Jaypee Group a turn-key toll management system at the prestigious 165-kms Yamuna Expressway Project covering 129 Toll Lanes across three main-line and seven ramp plazas.
“We have a long-term, successful strategy for the Indian market. The above contracts confirm Efkon‘s market leadership; both in technology and market share in a very competitive Indian ITS market. This market has huge potential and I am sure that we can increase our market shares in India through our solutions,” says Dr. Raimund Pammer, CTO Efkon AG.
India is one of the fastest growing economies of the world and the second-most populous country with over 1.2 billion people. The volume of traffic has increased strongly in recent years. Efkon has been operating in the Indian market successfully for over twelve years now and says it is a market leader in the field of providing ITS solutions for toll roads market.
