Lodan Provides Jerusalem Light Rail Ticket System


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The project will be implemented over four years at a cost of 40 million shekels and then over 25 years at an annual maintenance cost of 2 million shekels. Ludan Engineering Limited (TASE: LUDN), a wholly owned subsidiary of Simcotec, has signed an agreement with Shapir Engineering & Industry Ltd. (TASE: SPEN) to provide a comprehensive ticketing system for the light rail in Jerusalem. The project will be implemented in several phases over four years at a cost of NIS 40 million. After that, the annual maintenance of the ticket system will be NIS 2 million over 25 years. Loudan said that the profitability of the project would be typical of the projects he is undertaking. Last April, Shapir together with Spain’s CAF began operating and maintaining the Jerusalem Light Rail Red Line. The two companies also won the concession to build an extension of the Red Line and to build and maintain the Green Line. The Red Line is 14 km long and has 23 stations between Pisgat Ze’ev and Mount Herzl. The line extends eight kilometers to Hadassah Ein Kerem in the south and Neve Yaakov in the north with 13 other stations. The Green Line runs 19 kilometers with 40 stations between the Hebrew University on Mount Scopus and Gilo. Published by Globes, Israel business news – en.globes.co.il – on September 22, 2021 Copyright Globes Publisher Itonut (1983) Ltd. 2021 Jerusalem light rail


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