STEng – BT
ST Engrg wins $40m LTA deal to extend Emas
THE Land Transport Authority (LTA) has awarded a $40 million contract to ST Engineering to extend the Expressway Monitoring and Advisory System (Emas) to major arterial roads here.
Emas provides live-video surveillance, incident detection and real-time traffic alert functions on Singapore’s expressways. It is integrated into LTA’s back- end systems to facilitate central monitoring and traffic control. Major arterial roads serve as bypass routes to the expressways.
The new contract was awarded to a unit of ST Engineering’s electronics arm ST Electronics. Project work will begin in 2010 and is expected to be completed by 2013. The system’s introduction ‘will optimise the available capacity of existing transport infrastructure and enhance road utilisation’, ST Engineering said.
ST Electronics president Seah Moon Ming said: ‘We are delighted to be awarded the contract to expand Emas to arterial roads. We are pleased that our technologies in world-class transport management and solutions will help keep Singapore’s roads efficient and safe, and make driving a more pleasant experience.’
Over the years, ST Electronics has built a track record in providing transport management systems in Asia, Australia, Europe, the Middle East and the US.
ST Engineering said the latest contract is not expected to have a material impact on the group’s consolidated net tangible assets per share or earnings in the current financial year. In FY 2008, the group reported revenue of $5.34 billion.