Aug, 31 2018 10:03 JST

Source: Mitsubishi Corporation

Hitachi and Mitsubishi Corporation Sign a Memorandum of Understanding with Metro de Panama, S.A. to Provide a Monorail System


TOKYO, Aug, 31 2018 - (JCN Newswire) - Hitachi, Ltd., Ansaldo STS SpA, a group company of Hitachi and Mitsubishi Corporation today announced that they have signed a memorandum of understanding with Metro de Panama, S.A. (MPSA) to provide a monorail system for Line 3 of Panama Metro.

The prime contractor for the project, including the civil works portions, will be selected by MPSA, and the subcontractor contract will be signed by the prime contractor and the companies.

Hitachi will provide 28 six-car trains. Signaling systems, telecommunication systems and power systems will be delivered by Ansaldo STS. Mitsubishi Corporation will be in charge of commercial affairs.

The Japan International Cooperation Agency will provide yen-loan to support the improvement of urban transportation systems and efforts to combat climate change, which will be allocated to civil works projects and the procurement of the monorail system.


About Mitsubishi Corporation
Mitsubishi Corporation, headquartered in Tokyo, is a global integrated business enterprise that develops and operates business across virtually every industry including industrial finance, energy, metals, machinery, chemicals, foods, and environmental business. Mitsubishi Corporation's current activities are expanding far beyond its traditional trading operations as its diverse business ranges from natural resources development to investment in retail business, infrastructure, financial products and manufacturing of industrial goods. For more information on Mitsubishi Corporation, please visit the company's website at https://www.mitsubishicorp.com/jp/en/.


Contact:
Mitsubishi Corporation
Telephone: +81 3 3210 2171
Facsimile: +81 3 5252 7705 

Hitachi Ltd
Corporate Communications
Tel: +81-3-3258-1111
Source: Mitsubishi Corporation
Sectors: Transportation/Logistics, Engineering

Copyright ©2018 JCN Newswire. All rights reserved. A division of Japan Corporate News Network.

Multimedia


Image of a monorail system for Line 3 of Panama Metro
 

Related Press Release


Hitachi Automotive Systems to Transfer its Commercial Vehicle Steering Business to Knorr-Bremse
December 10 2018 08:39 JST
 
Hitachi Launches "TWX-21 Source to Contract Service" a product of JAGGAER's S2C Application Suite and Hitachi's Installation Expertise
December 04 2018 11:04 JST
 
International Standards Adopted by ITU-T to Address Soft Errors Affecting Telecommunication Equipment
November 23 2018 08:01 JST
 
MOU signed by Changhua County Government and Hitachi, Ltd. and Agreed to Use Changhua Port for Operation and Maintenance of Changhua Offshore Wind Farm
November 14 2018 20:06 JST
 
Suntory Beverage & Food and Hitachi Develop Production Planning System Utilizing AI through Collaborative Creation
October 31 2018 16:14 JST
 
Hitachi: Demonstration Project in Germany, Large-Scale Hybrid Power Storage System Starting to Operate in November
October 31 2018 11:17 JST
 
Hitachi to Increase Stake in Ansaldo STS
October 29 2018 18:47 JST
 
Hitachi and SBI Enter into Joint Venture to Accelerate Digital Payments in India
October 29 2018 15:00 JST
 
Hitachi Announces Reorganization of Industrial Equipment Business through Company Split
October 26 2018 08:55 JST
 
Hitachi Appoints Partners to Support Wylfa Newydd
October 23 2018 09:22 JST
 
More Press release >>

Latest Press Release


More Latest Release >>