Mitsubishi Corporation Obtains Contract to Supply Rolling Stock

Mitsubishi Corporation Obtains Contract to Supply Rolling Stock in Istanbul,
Turkey 
Fully Automated Driverless System Adopted for the first time in Turkey 
Tokyo, June 17, 2014 - (JCN Newswire) -  Mitsubishi Corporation (MC) has signed
a contract with Istanbul Metropolitan Municipality (IMM) for the supply of
rolling stock to be used for IMM's new metro line. The contract amount is
119 million euros for 126 cars (a total of 21 train sets). MC will supply
rolling stock with Fully Automated Driverless System which is adopted in Turkey
for the first time, manufactured by Construcciones y Auxiliar de Ferrocarriles,
S.A. (CAF), the largest Spanish rolling stock manufacturer. The supply will be
made from 2016 to 2017. 
With Turkey's, rapid population increase, there is constantly a large
influx of people into urban centers such as Istanbul, which contributes to
continuous traffic congestion. IMM decided to make resolving this serious
social problem its first priority by improving the mass transit system through
the constructing 20 new metro lines (400 km total in length and 2,500 train
sets). IMM has also decided to adopt the Fully Automated Driverless System for
all of these new lines. 
The rolling stock will be used for a new 19.7 km metro line (19.7km length
with 16 stations) constructed by IMM on the Asian side of Istanbul. Connecting
inland residential area Cekmekoy with coastal area Uskudar, the new line
enables passengers to transit directly to the other metro line at the Marmaray
Tunnel, which crosses The Bosporus. In order to resolve the traffic congestion,
the new line is expected to play an important role as a new method of
transportation. 
CAF is one of the largest rolling stock manufacturers in Europe who has a lot
of supply records in North/Central/South America, Asia and Oceania. MC and CAF
have long maintained a good business relationship through the supply of
electrical components. This time, the contract was awarded based on IMM's
positive evaluation of MC's record and project accomplishing ability of
supplying rolling stocks with the Fully Automated Driverless System in Dubai
and Singapore, as well as on CAF's price competitiveness. MC and CAF will
aim to further contribute to the development of metro lines with Fully
Automated Driverless System in Turkey. 
About Mitsubishi Corporation 
Mitsubishi Corporation (MC; TSE: 8058) is a global integrated business
enterprise that develops and operates businesses across virtually every
industry including industrial finance, energy, metals, machinery, chemicals,
foods, and environmental business. MC's current activities are expanding
far beyond its traditional trading operations as its diverse business ranges
from natural resources development to investment in retail business,
infrastructure, financial products and manufacturing of industrial goods. With
over 200 bases of operations in approximately 80 countries worldwide and a
network of over 500 group companies, MC employs a multinational workforce of
nearly 60,000 people. For more information, please visit www.mitsubishicorp.com. 
Contact: 
Mitsubishi Corporation
Telephone:+81 3 3210 2171
Facsimile:+81 3 5252 7705 
Copyright 2014 JCN Newswire. All rights reserved. www.japancorp.net 
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