Supplier of railway parts in China, MIDAS Holdings, said its joint venture company has won two metro train car supply contracts worth a total 1.77 billion yuan (S$369 million).
Changzhou Rail Transit Development Co Ltd awarded the first contract, worth about 1.05 billion yuan, for phase one of the Changzhou Rail Transit Line One project. Delivery is scheduled between January 2018 and November 2019.
The second contract, worth around 720 million yuan, was awarded by Xuzhou Rail Transit Line One Investment and Development Co Ltd for phase one of the Xuzhou Urban Rail Transit Line One project. Delivery is scheduled between May 2018 and August 2019.
Midas owns a 32.5 per cent equity stake in the joint-venture firm, CRRC Nanjing Puzhen Rail Transport Co Ltd.
Changzhou Rail Transit Development Co Ltd awarded the first contract, worth about 1.05 billion yuan, for phase one of the Changzhou Rail Transit Line One project. Delivery is scheduled between January 2018 and November 2019.
The second contract, worth around 720 million yuan, was awarded by Xuzhou Rail Transit Line One Investment and Development Co Ltd for phase one of the Xuzhou Urban Rail Transit Line One project. Delivery is scheduled between May 2018 and August 2019.
Midas owns a 32.5 per cent equity stake in the joint-venture firm, CRRC Nanjing Puzhen Rail Transport Co Ltd.