November 2020
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 Million 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. Phase one of the project includes 6 highway roads with a total of 1079 km as follows: