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ECONOMY > External Relations

Mitsubishi Corp. lands 30 billion yen Philippine light rail deal

  • November 21, 2017
  • , Kyodo News , 2:36 p.m.
  • English Press

MANILA — Mitsubishi Corp. has landed a business deal worth around 30 billion yen ($267 million) to supply 120 railroad cars for the Manila Light Rail Transit System in the Philippines.

 

Under the deal with the Philippine Transportation Department, announced Monday, the Japanese trading house will supply 30 train sets to be manufactured by Spain’s largest rolling stock maker, Construcciones y Auxiliar de Ferrocarriles SA.

 

The funding for the deal will come from an official development assistance loan forged between the Japanese and Philippine governments.

 

The train cars, which will be outfitted with Japanese equipment, are scheduled to be delivered between the end of 2020 and the beginning of 2022.

 

The light rail transit is one of the few train systems running through Manila. Its Line 1 network, on which the train cars will be put into service, is a 20-kilometer elevated line connecting the north and south sides of Manila.

 

Around 400,000 passengers use the line every day, with the completion of a 12-km extension line further south expected to double its daily passenger load.

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