Mitsubishi Corporation Obtains Contract to Supply Rolling Stock in Istanbul, Turkey
October 25, 2014     Japanese 
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Mitsubishi Corporation Obtains Contract to Supply Rolling Stock in Istanbul, Turkey - JCN Newswire
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Mitsubishi Corporation Obtains Contract to Supply Rolling Stock in Istanbul, Turkey
 
Fully Automated Driverless System Adopted for the first time in Turkey

Tokyo, June 17, 2014 - (JCN Newswire) - Mitsubishi Corporation (MC) has signed a contract with Istanbul Metropolitan Municipality (IMM) for the supply of rolling stock to be used for IMM's new metro line. The contract amount is 119 million euros for 126 cars (a total of 21 train sets). MC will supply rolling stock with Fully Automated Driverless System which is adopted in Turkey for the first time, manufactured by Construcciones y Auxiliar de Ferrocarriles, S.A. (CAF), the largest Spanish rolling stock manufacturer. The supply will be made from 2016 to 2017.

With Turkey's, rapid population increase, there is constantly a large influx of people into urban centers such as Istanbul, which contributes to continuous traffic congestion. IMM decided to make resolving this serious social problem its first priority by improving the mass transit system through the constructing 20 new metro lines (400 km total in length and 2,500 train sets). IMM has also decided to adopt the Fully Automated Driverless System for all of these new lines.

The rolling stock will be used for a new 19.7 km metro line (19.7km length with 16 stations) constructed by IMM on the Asian side of Istanbul. Connecting inland residential area Cekmekoy with coastal area Uskudar, the new line enables passengers to transit directly to the other metro line at the Marmaray Tunnel, which crosses The Bosporus. In order to resolve the traffic congestion, the new line is expected to play an important role as a new method of transportation.

CAF is one of the largest rolling stock manufacturers in Europe who has a lot of supply records in North/Central/South America, Asia and Oceania. MC and CAF have long maintained a good business relationship through the supply of electrical components. This time, the contract was awarded based on IMM's positive evaluation of MC's record and project accomplishing ability of supplying rolling stocks with the Fully Automated Driverless System in Dubai and Singapore, as well as on CAF's price competitiveness. MC and CAF will aim to further contribute to the development of metro lines with Fully Automated Driverless System in Turkey.

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.

Contact:

Mitsubishi Corporation
Telephone:+81 3 3210 2171 
Facsimile:+81 3 5252 7705

 


June 17, 2014
Source: Mitsubishi Corporation

Mitsubishi Corporation (TSE: 8058) (FTSE: MBC)

From the Japan Corporate News Network
http://www.japancorp.net
Topic: Contract Awarded
View more news from these Sectors: Shipping & Transportation


 
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