Midas Holdings’ joint venture company Nanjing SR Puzhen Rail Transport (NPRT) has received a RMB420m ($68.5m) contract from China’s MTR Corporation to deliver 56 train cars to the metro system of Shenzhen in China’s Guangdong province.
The new train sets, which are scheduled to be delivered from 2013 to 2014, will operate on Shenzhen Metro Line 4, also known as the Longhua Line.
The Longhua Line is a 19.9km double-track urban railway line serving 15 stations, running from Futian Checkpoint to Qinghu.
The line also serves Futian District and the eastern part of the Bao’an District in Shenzhen.
Phase one of the line, which comprises a 4.5km section between Huanggang and Shaoniangong, opened in 2004, while phase two opened in June 2011.
The second phase of the line runs 15.4km, including a 5km underground section and 10.4km of at-grade and elevated sections with ten stations, of which two are underground stations, one at-grade and seven elevated.
Midas CEO Patrick Chew said: "The order momentum for NPRT is very encouraging, having secured three projects valued at over RMB1.4 billion in the year-to-date."
The company also won a RMB338m ($52m) order from Suzhou New District Tram (SND) in January 2013 for the supply of 18 low-floor trams.
Midas holds a 32.5% stake in NPRT, which is involved in the development, manufacturing and sale of metro trains, bogies and other related parts.
Image: NPRT will deliver the new train sets, which will be run on the Longhua Line, between 2013 and 2014. Photo: courtesy of WiNG.