Wednesday, February 27, 2008

MTR Wins HK$128 Million Order for Delhi Airport Metro Project

MTR Corp., Hong Kong's government- controlled subway operator, won a HK$128 million ($16.4 million) engineering and project management contract linked to the Delhi Airport Metro Express Line.
The contract was awarded by India's Reliance Energy Ltd., MTR said in a statement on its Web site yesterday. The subway operator will define all electrical and mechanical systems for the project, it said.
MTR is expanding outside Hong Kong to widen its sources of income. A venture with Henderson Group Plc's John Laing rail unit in June won a deal to run five railway lines in London. The company is also investing in subway lines in Shenzhen and Beijing, and pursuing projects in other Chinese cities.
The 22.65 kilometer (14.1 miles) Delhi Airport line is scheduled to be opened in July 2010, MTR said.
27/02/08 Clare Cheung/Bloomberg
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