A subsidiary of Israeli infrastructure construction company Electra won a $62 million tender to make hundreds of crosswalk signals in Manhattan and Staten Island accessible to pedestrians with visual impairment.
Electra President and CEO Itamar Deutscher said the Ramat Gan-based company is expanding its activities in the United States through its majority-owned New York subsidiaries, Hellman Electric and Gilton Electrical.
He said that he anticipates bidding on many additional voice accessibility projects at intersections throughout the five boroughs of New York City.
The current project’s implementation period will last about three years.
Electra Group subsidiaries currently operate in five sectors: projects for buildings and infrastructure in Israel; projects for buildings and infrastructure abroad; operation, service and maintenance; development and construction of real estate; and the franchising sector.
The group ended the year 2021 with a revenue growth of about 16 percent, due in part to its entry into the transportation field through the acquisition of the Afikim and Egged Ta’avura bus companies and in part to its expanded activity in residential development.