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VietNamNews

Hitachi inks supply deal for first City metro line

Update: June, 12/2013 - 10:21

HCM CITY (VNS)— Japan's Hitachi Ltd signed yesterday an agreement with the HCM City Urban Railways Management Authority under which the former will supply electrical and mechanical equipment for Viet Nam's first Metro Line 1 (Ben Thanh – Suoi Tien).

The contract for the equipment is estimated at approximately 37 billion yen (US$376.59 million).

Under the agreement, Hitachi will deliver subsystems including 17 trains with a total of 51 cars, signaling systems, telecommunications systems including wireless train radio systems, power supply systems, platform screen doors, automatic fare collection systems, and depot facilities.

Hitachi will undertake five years of maintenance work after the start of commercial operations, details of which will be stipulated in a separate agreement later.

The Metro Line 1 is scheduled to begin operating in early 2018. Plans call for the construction of a 19.7km railway track (including both underground and elevated sections) connecting the center of HCM City with its Northeast gateway, where there are bus terminals with services to provinces in the north.

This is Viet Nam's first full-scale urban railway project, and the Japan International Cooperation Agency has pledged to provide special terms for the Official Development Assistance (ODA) funding that it will provide.

Hitachi has said it will continue activities aimed at expanding business opportunities as several urban railway systems are being currently planned in HCM City and Ha Noi. This will help accelerate the global rollout of its railway business.

The Vietnamese Government has made plans for the construction of several urban railways in HCM City. The Metrol Line 1 represents the first phase of these plans.— VNS


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