Midas Holdings said its joint venture company, Nanjing SR Puzhen Rail Transport Co., together with their consortium partners, has won a RMB1.1 billion ($224 million) contract.
The contract is for the supply of 29 train sets or 174 train cars, for Nanjing Metro Line 4 Phase 1 project, with delivery slated from 2014 to 2016.
The other consortium partners are Shanghai Alstom Transport Electrical Equipment Co. and Alstom Transport S.A.
This contract is expected to contribute positively to the group’s financial performance for the 2014 to 2016 financial years.
Wednesday, June 5, 2013
Midas JV partner and consortium partners win $224 mil supply contract
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