TOKYO, May 18, 2015 - (ACN Newswire) - Mitsubishi Corporation (MC) and Hitachi Ltd. (Hitachi) are pleased to announce the conclusion of a contract to supply and install railway signaling systems in Myanmar. The contract, signed with Myanma Railways on May 15, 2015, amounts to approximately 2.4 billion yen and will be covered by grant aid from the Japan International Cooperation Agency (JICA). Completion of the project is scheduled for June 2017.
The signaling systems to be supplied and installed by MC and Hitachi consist of a Train Monitoring System, which enables operational control centers to conduct unified management of train positions, an Electronic Interlocking System that controls turnout machines and signal lamps for realizing safe train operations and a Level Crossing System which allows for detecting approaching trains and automatically giving a warning. The systems will be installed along a 140-kilometer stretch between Yangon Central Station and Pyuntasa Station, located along the railway route from former capital Yangon, to Mandalay in Upper Myanmar.
Given the aging of existing railway infrastructure in Myanmar, improvement of the quality and safety of railway services has become an urgent issue. Furthermore, since most long-haul transportation in Myanmar depends on automobiles and airlines, developing rail transportation infrastructure is needed in order to accommodate increasing demand for passenger and cargo transportation.
MC has developed a wealth of experiences supplying rolling stock and train equipment in Asia and the Middle East, while Hitachi has proven competence in providing one-stop solutions such as rolling stock and signaling systems to the railway industry. Synergizing these competences, MC and Hitachi will supply train signaling systems which have been successfully developed on the basis of Japanese technology and experience with the expectation that this will help to improve rail safety and contribute to modernizing, upgrading and diversifying transportation infrastructure in Myanmar.
Several railway infrastructure projects are being planned in Myanmar, including the modernization of the whole Yangon - Mandalay route and the Yangon loop line. This project carries particular significance because the tranche covered connects the Yangon - Mandalay route and the Yangon loop line. With this project as a first step, MC and Hitachi will continue to pursue opportunities for involvement in future railway infrastructure projects in Myanmar.
About Mitsubishi Corporation
Mitsubishi Corporation (MC; TSE: 8058) is a global integrated business enterprise that develops and operates businesses across virtually every industry including industrial finance, energy, metals, machinery, chemicals, foods, and environmental business. MC's current activities are expanding far beyond its traditional trading operations as its diverse business ranges from natural resources development to investment in retail business, infrastructure, financial products and manufacturing of industrial goods. With over 200 bases of operations in approximately 80 countries worldwide and a network of over 500 group companies, MC employs a multinational workforce of nearly 60,000 people. For more information, please visit www.mitsubishicorp.com.
Source: Mitsubishi Corporation
Contact:
Mitsubishi Corporation Telephone:+81 3 3210 2171 Facsimile:+81 3 5252 7705
Copyright 2015 ACN Newswire . All rights reserved.
