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Nanjing SR Puzhen Rail Transport secures two rail car contracts in China
Nanjing SR Puzhen Rail Transport secures two rail car contracts in China
Nanjing SR Puzhen Rail Transport (NPRT) has secured two rail car contracts worth $181.74 million from Suzhou Rail Transit and Nanjing Metro in China. Under the first contract with Suzhou Rail Transit, worth $85.14 million, NPRT will supply 17 train sets, or 85 train cars, for the Suzhou Rail Transit Line 2 Extension

Nanjing SR Puzhen Rail Transport secures two rail car contracts in China

Date: 2014/01/14
Source: railway-technology.com
Nanjing SR Puzhen Rail Transport (NPRT) has secured two rail car contracts worth $181.74 million from Suzhou Rail Transit and Nanjing Metro in China.

Under the first contract with Suzhou Rail Transit, worth $85.14 million, NPRT will supply 17 train sets, or 85 train cars, for the Suzhou Rail Transit Line 2 Extension.

NPRT will also supply 13 additional train sets, or 78 additional train cars, to Nanjing Metro Line 1 under the second contract worth $96.6 million with Nanjing Metro.

The company is a Sino-foreign joint venture (JV) engaged in the development, manufacture and sale of metro trains, bogies and their related parts.

According to Midas Holdings, which has a 32.5% equity stake, the train cars will be delivered between 2015 and 2016.

Midas Holdings CEO Patrick Chew said: "We are delighted that NPRT has ushered in a strong start to 2014 with contracts worth RMB1.11bn, underscoring the continued health of the PRC metro train sector.

"As an established market player, NPRT is well-positioned to capture and benefit from this healthy growth."

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