Hitachi and Mitsubishi Corporation Sign a Memorandum of Understanding with Metro de Panama, S.A. to Provide a Monorail System
TOKYO, Aug, 31 2018; Hitachi, Ltd., Ansaldo STS SpA, a group company of Hitachi and Mitsubishi Corporation today announced that they have signed a memorandum of understanding with Metro de Panama, S.A. (MPSA) to provide a monorail system for Line 3 of Panama Metro.
The prime contractor for the project, including the civil works portions, will be selected by MPSA, and the subcontractor contract will be signed by the prime contractor and the companies.
Hitachi will provide 28 six-car trains. Signaling systems, telecommunication systems and power systems will be delivered by Ansaldo STS. Mitsubishi Corporation will be in charge of commercial affairs.
The Japan International Cooperation Agency will provide yen-loan to support the improvement of urban transportation systems and efforts to combat climate change, which will be allocated to civil works projects and the procurement of the monorail system.
About Mitsubishi Corporation
Mitsubishi Corporation, headquartered in Tokyo, is a global integrated business enterprise that develops and operates business across virtually every industry including industrial finance, energy, metals, machinery, chemicals, foods, and environmental business. Mitsubishi Corporation'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. For more information on Mitsubishi Corporation, please visit the company's website at https://www.mitsubishicorp.com/jp/en/.