Ascendi

Almost 200 lanes have been equipped with front and rear OCR Tattile Basic ANPR cameras

French infrastructure fund manager Ardian has agreed to acquire all the shares of Ascendi PT II which operates seven Portuguese motorway concessions Ardian, an independent private investment company, is buying the shares from its joint venture partner Ascndi Group. Ascendi PT II was formed in June 2015 as a partnership between Ardian Infrastructure and Ascendi and owns and operates five motorways in northern Portugal and the Lisbon area. Ardian Infrastructure will pay €600 million for control of the

Several Portuguese motorway concession companies want to be paid compensation by Estradas de Portugal (EP), the state-owned road agency, to help cover the increased costs resulting from the launch of systems to cover toll fees using licence plate chip solutions. The contracts signed by Baixo Tejo, Litoral Oeste and Pinhal Interior between 2008 and 2010 covered the mandatory use of licence plate chip systems, whereby they would be responsible for fees and other related costs. However, the project was altered

The Portuguese road operator Ascendi has awarded Q-Free a five-year service and maintenance contract, valued at over US$15 million, related to the tolling infrastructure deployed in Beiras Litoral e Alta and Interior Norte concessions."The Portuguese market continues to be important for the company, and service and maintenance contracts are forming an essential basis for a strong local presence and long term growth in this innovative market," said Dr. Øyvind Isaksen, Q-Free CEO