Mitsubishi signs $1.9b commuter rail deal with Manila
三菱与马尼拉签署19亿美元通勤铁路协议
Manila: Mitsubishi Corp. signed a deal worth 260 billion yen ($1.9 billion) to supply equipment for a commuter railway system in Manila, Nikkei reported.
The Japanese trading house will provide a package including signals, communications equipment and rails in a project designed to alleviate chronic traffic congestion and air pollution in the capital, Nikkei said.
The work is part of the Philippine department of transportation’s plans to extend the North-South Commuter Railway, which will connect Manila and surrounding cities, by about 110 kilometers (68 miles), the paper said.
