Mitsubishi wins USD 1.2 billion railway system contract in Manila
18 February 2022Philippines’ Department of Transportation (DOTr) awarded Mitsubishi Corporation a contract to deliver the integrated railway systems and track work for the Metro Manila subway.
The contract is worth approximately JPY 140 billion (USD 1.2 billion) and is expected to be completed in 2028.
Mitsubishi is responsible for designing, manufacturing, installing and delivering of all the systems for the underground metro system linking the northern city of Valenzuela and the southern city of Parañaque.
The project also includes the construction of a train depot and four stations from East Valenzuela to North Avenue for which the main construction works were launched in 2019 and are expected to be completed this year.
Metro Manila Subway is estimated at USD 7 billion and is supported by the Japan International Cooperation Agency which has recently signed a new loan agreement for the financing of the first phase of the project.
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