ELSEWEDY ELECTRIC for Trading & Distribution signs a new EPC contract with the Egyptian Government worth USD 90 Million for highway intelligent transportation system, Invest-Gate reports

ELSEWEDY ELECTRIC (SWDY.CA on the Egyptian stock exchange), the leading Wires & Cables and Integrated Energy Solution Provider in the Middle East and Africa, announced that its subsidiary ELSEWEDY ELECTRIC for Trading & Distribution has signed a new EPC contract with the Egyptian Government worth USD 90 mn for highway intelligent transportation system.

The Execution duration is 18 months for the ITS highway roads in Egypt, including traffic management system (TMS) and toll collection system (TCS); in addition to the main control rooms in the ACUD. The first phase of the project includes six highway roads with a total of 1079 km as follows:

·         Shoubra Banha freeway (40 Km)
·         Cairo –Ismailia – Portsaid (195 Km)
·         Cairo Alexandria (220 Km)
·         Cairo Suez Desert Road (134 Km)
·         Cairo Ain Sokhna Road (110 Km)
·         Cairo Regional Road (380 Km)