Midas' JV firm wins four metro contracts worth 2.59b yuan

Singapore

MIDAS Holdings' joint-venture company CRRC Nanjing Puzhen Rail Transport Co has secured four new contracts worth 2.59 billion yuan (S$533.6 million) to supply metro-train cars.

The first contract, worth about 650 million yuan, was awarded by Nanjing Metro Operation Co for the Nanjing Metro Line 2 Additional Procurement Project. Delivery is slated for between August 2017 and October 2018.