|End-of-day quote - 11/24|
Mitsubishi : Hitachi Rail and Mitsubishi Corporation to Deliver Metro de Panama's Line 3 worth JPY 92.0 billion
|11/08/2020 | 10:28am|
Tokyo, October 30, 2020 --- Hitachi, Ltd. (Hitachi), Hitachi Rail STS S.p.A. (Hitachi Rail) and Mitsubishi Corporation (MC) have signed approximately JPY 92.0 billion contract with HPH Consortium, the prime contractor for Panama Metro Line 3. Line 3 is a 25 km, elevated double-track monorail system, which will include 14 new stations.
Hitachi and Hitachi Rail will provide 28 six-car vehicles (168 cars), the signaling systems, telecommunication systems, power systems, control center, platform screen doors and depot equipment for the monorail while MC will manage the administration of the project.
When it opens in mid 2025, Line 3 of Panama Metro will transform the way people in Panama move, work and live. The monorail will move its passengers through the urban core and fast-growing west side of Panama City with ease before crossing the Panama Canal to tackle the route's many hills and steep grade. With breathtaking panoramic views, this line is expected to serve hundreds of thousands of passengers per year. Approximately 800 local jobs are expected to be created during the development of Line 3.
As traffic congestion in big cities has become a universal problem, there is a growing demand for transportation systems with low environmental impact. Furthermore, urban population is expected to increase throughout the world, and the role of railways as a mode of public transportation is expected to increase. MC, Hitachi and Hitachi Rail will work to support sustainable urban development through its involvement in the railway business.
It has been almost 10 years since MC learned the needs of monorail system in Panama and started promoting application of Japanese railway method. MC, Hitachi and Hitachi Rail, aim to contribute to the further development of Panama through this monorail project.
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Mitsubishi Corporation published this content on 30 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 November 2020 15:27:06 UTC