New Zealand transport technology innovator EROAD says it systems have delivered $2.5 billion in road user charges to the New Zealand Transport Agency.
The NZX-listed company told attendees at an International Road Federation (IRF) regional transport connectivity forum in Podgorica, Montenegro, recently that the company’s products and services are also delivering significant decreases in road incidents within the commercial vehicles that have installed the technology.
Nina Elter, EROAD’s senior vice president of global market development, presented the evolution of EROAD’s system, which now collects around 46 per cent of heavy vehicle road user charges in New Zealand.
Elter demonstrated how the company’s single source platform has simplified and reduced administration costs of regulatory services, and provided alternative options for infrastructure funding, while also delivering commercial benefits to operators.
The EROAD system is also currently deployed in North America and Australia.
The shift to more sustainable transport is posing funding questions of regulators because fuel tax revenues have traditionally been the foundation of government funding for transport infrastructure.
Automated vehicles will affect other funding sources like licensing and parking fees, potentially creating funding gaps at a time when supply chain logistics is increasing distances traveled.
“Most countries are facing the same issues: How to pay for and maintain roading infrastructure, and how to improve safety on roads," said Steven Newman, CEO of EROAD.