Singapore's ST Engineering unit consortium gets $1-bln Taiwan metro contract (updated)

Singapore Technologies Engineering

01/09/2022 24:37

(Updates with contract details)
    Sept 1 (Reuters) - Singapore Technologies Engineering
 STEG.SI  said on Thursday a consortium including the defense
and engineering group's unit had been awarded a S$1.4-billion
($1.00 billion) contract for services to a metro line in
Kaohsiung, Taiwan.
    The unit, Urban Solutions, will provide services including
rail electronics solutions, designing an above-ground train
depot, and will be responsible for the overall management of the
project, the company said. (https://bit.ly/3cB2hkA)
    The yellow line in the southern city of Kaohsiung is 22.8
kilometre long with 22 underground and one elevated station.  
    The consortium includes Munich-based transport solutions
provider Siemens Mobility that will supply the signalling system
and Swiss rolling stock manufacturer Stadler Rail  SRAIL.S  that
will provide railway locomotives.    
    The 10-year contract is expected to come into force by
late-2022, ST Engineering said. 
    
    

($1 = 1.3968 Singapore dollars)

 (Reporting by Sameer Manekar and Roushni Nair in Bengaluru;
Editing by Vinay Dwivedi)
 ((Roushni.Nair@thomsonreuters.com;))