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The undertaking shall be carried out over 4 years at a value of NIS 40 million after which over 25 years at an annual upkeep value of NIS 2 million.
Ludan Engineering Co. Ltd. (TASE:LUDN) totally owned subsidiary Simcotec has signed an settlement with Shapir Engineering & Trade Ltd. (TASE: SPEN) to supply the general ticketing system for the Jerusalem mild rail.
The undertaking shall be carried out in a number of phases over 4 years at a value of NIS 40 million. Thereafter, annual upkeep of the ticketing system shall be price NIS 2 million over 25 years. Ludan mentioned that the profitability of the undertaking shall be typical of the initiatives that it undertakes.
Final April, Shapir along with Spanish firm CAF started working and sustaining the Jerusalem mild rail’s Pink Line. The 2 corporations have additionally gained the concession to construct an extension to the Pink Line and to construct and preserve the Inexperienced Line.
The Pink Line is 14 kilometers lengthy with 23 stations between Pisgat Zeev and Mount Herzl. The road is being prolonged by eight kilometers, to Hadassah Ein Kerem within the south and Neve Yaakov within the north with 13 extra stations. The Inexperienced Line will lengthen over 19 kilometers with 40 stations between the Hebrew College on Mount Scopus and Gilo.
Printed by Globes, Israel enterprise information – en.globes.co.il – on September 22, 2021
Copyright of Globes Writer Itonut (1983) Ltd. 2021
Jerusalem mild rail
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