Saturday, November 18, 2017

Trader Mitsubishi wins $260m-plus rail car order in Philippines

Project costs to be covered by Japanese development assistance loan

TOKYO -- Mitsubishi Corp. will supply 120 train cars for a light rail transit system in Manila, in a roughly 30 billion yen ($267 million) order that marks the Japanese trading house's first contract to provide rolling stock in the Philippines.

The train cars will be built by Construcciones y Auxiliar de Ferrocarriles, Spain's leading railroad car manufacturer known widely as CAF, using Japanese-made parts in the motors, brake systems and other components. Delivery is expected to begin in late 2020.

The cars will run on an elevated railroad running north-to-south through the Philippine capital. The 20km-long Manila Light Rail Transit System Line 1 is currently undergoing construction to extend its reach 12km to the south. The new cars will boost the system's passenger-carrying capacity.

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