Deals this week: Metro Trains Melbourne (MTM), Vislink, Hyperloop Transportation Technologies
Metro Trains Melbourne (MTM) subsidiary MTR has secured a seven-year franchise from the Government of Victoria to operate and maintain the Melbourne train system in Australia.
The deal will see MTM collaborate with John Holland Group and UGL Rail to upgrade 500 CCTV cameras along the 390km Melbourne metropolitan train system.
Work under the contract is scheduled to start in November 2017 and will create approximately 600 new jobs, including 128 in the first year of development.
The arrangement also features a provisional option to extend the contract for a maximum of three years.
xG Technology's video transmission systems unit Visilink has entered a new agreement with Panasonic System Solutions Europe.
Vislink’s expertise in on-board wireless technologies and the proficiency in mission-critical video solutions are expected to help Panasonic to improve rail safety, as well as the efficiency of its passenger services.
US-based Hyperloop Transportation Technologies (HTT) has signed a memorandum of understanding (MoU) with the Andhra Pradesh Economic Development Board (APEDB) in India.
HTT will develop a hyperloop route from Andhra Pradesh state’s new capital city Amravati to Vijayawada via a public private partnership.
The project is intended to reduce the journey time between the two cities from more than an hour to just six minutes.
HTT will carry out a six-month feasibility study as part of the first phase of the project, and will also work with local stakeholders to establish various regulatory standards.