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KONE Corporation, press release, May 20, 2019
Corporation, a global leader in the elevator and escalator
industry, has won an order to deliver 169 escalators and elevators
to the Red Line of Tel Aviv's Light Rail Network. Planned to open
in 2021, the Red Line is part of an ambitious mass transit system
which is said to be the largest and the most complex of its kind
ever executed in Israel.
Serving up to 80 million annual passengers, The Red Line will operate along 24km, 12km of it underground, and it will serve 34 stations. To smoothen the flow of passengers, KONE will deliver 106 KONE TransitMaster™ escalators and 63 KONE MonoSpace® elevators. Additionally, the contract includes 16 years of maintenance.
"The Red Line will pass through the most congested regions of the metropolitan area and it is set to change the lives of many in the greater Tel Aviv region. We're proud to deliver our people flow solutions to this ambitious project and to improve the flow of urban life in Israel," said Pierre Liautaud, Executive Vice President for KONE South Europe, Middle East and Africa.
NTA Metropolitan Mass Transit System Ltd. is the company responsible for the design and construction of the mass transit system.
KONE booked the order in the first quarter of 2019.
For further information, please
Hanna Rutanen, Director, External Communication, tel. +358 41 5071361, email@example.com
Previous press releases are available at http://www.kone.com/en/news-and-insights/releases/ including:
April 26, 2019: KONE to equip Tianfu International Airport in Chengdu, China
January 28, 2019: KONE wins order for first phase of the Shanghai Metro's Line 18
March 15, 2018: KONE wins order for Eglinton Crosstown project in Toronto Light Rail expansion
At KONE, our mission is to improve the flow of urban life. As a global leader in the elevator and escalator industry, KONE provides elevators, escalators and automatic building doors, as well as solutions for maintenance and modernization to add value to buildings throughout their life cycle. Through more effective People Flow®, we make people's journeys safe, convenient and reliable, in taller, smarter buildings. In 2018, KONE had annual net sales of EUR 9.1 billion, and at the end of the year over 57,000 employees. KONE class B shares are listed on the Nasdaq Helsinki Ltd. in Finland. www.kone.com