Electronic tolling company emovis has signed a two-year extension for the operation of Ireland’s M50 toll road.
The agreement means that emovis will operate the route until March 2021. The company has operated the toll road since 2008.
Traffic through the toll road on the M50 has increased by 63 per cent over the last 10 years to more than 140,000 passages a day.
emovis says this has resulted in the company collecting funds of over 1 billion euros for Transport Infrastructure of Ireland to “invest back into infrastructures in Ireland”.
emovis says it was the first company in Europe to introduce “all-electric tolling”, also known as “free-flow tolling” or “open-road tolling”.
Open-road tolling does not require the construction of toll booths to collect fees. Instead, it typically uses number-plate recognition to send a bill by mail and give the motorist a certain number of days within which to pay by credit card or some other method.