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FINWIRES

ST Engineering's Urban Solutions Wins $750 Million Taoyuan MRT Green Line Turnkey Contract

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ST Engineering's (SGX:S63) Urban Solutions business has secured a $750 million turnkey rail services contract from the Taoyuan City Government for the Taoyuan MRT Green Line Extension.

The project, recently awarded this month, was part of a broader consortium deal with Hyundai Rotem (KRX:064350), according to a statement on Wednesday.

ST Engineering will take charge of overall project management, systems integration, and provide rail electronics solutions while Hyundai Rotem supplies the power system and rolling stock.

The company will also collaborate with partners to integrate signalling, depot equipment, and track works.

Project execution is scheduled to begin in the fourth quarter of the year with a seven-year delivery timeline.

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