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LTA awards Otis US$120m deal to supply equipment for Thomson Line MRT project (Amended)

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Singapore's Land Transport Authority (LTA) has awarded Otis Elevator Company (S) Pte Ltd (Otis Singapore) a S$120 million contract to supply and install nearly 600 elevators and escalators for the northern stretch of the Thomson-East Coast Line mass rapid transit (MRT) project.

SINGAPORE'S Land Transport Authority (LTA) has awarded Otis Elevator Company (S) Pte Ltd (Otis Singapore) a US$120 million contract to supply and install nearly 600 elevators and escalators for the northern stretch of the Thomson-East Coast Line mass rapid transit (MRT) project.

The contract for 411 Otis escalators and 167 Gen2® elevators is the highest valued new-equipment project win in the 161-year history of Otis - the world's largest maker of elevators and escalators. Otis is part of UTC Building & Industrial Systems, a unit of New York-listed United Technologies Corp.

The Thomson-East Coast Line is a new 43-kilometre underground MRT system. The Thomson section of this new line will link the northern part of Singapore to the central business district and Marina Bay area.

The Thomson-East Coast Line is a major step towards the LTA's vision of doubling the length of Singapore's rail network by 2030. The first stage of the project is scheduled for completion in 2019, with overall completion scheduled for 2021.

sentifi.com

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Correction:

An earlier version of this article incorrectly stated that the contract was S$120 million. It is in fact US$120 million. The article above has been revised to reflect this.

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