CHINA: Hefei Urban Rail Transit Co has awarded rolling stock supplier Nanjing SR Puzhen Rail Transport Co a 0·9bn yuan contract to deliver trainsets for Phases 1 and 2 of its Line 1 project in 2015-16.
Hangzhou Metro Group has awarded NPRT a 1·1bn yuan contract to supply trainsets for Line 4 Phase 1 in 2014-17.
‘The latest orders bring the total value of contracts announced by NPRT so far this year to over 4·5bn yuan’, said Patrick Chew, CEO of Midas Holdings which owns a 32·5% stake in NPRT. ‘Having achieved such a strong head start, we are optimistic that NPRT will continue to capture new opportunities and contribute further to our profitability going forward.’
