Mitsubishi Corporation

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June 17, 2014
Mitsubishi Corporation

Mitsubishi Corporation Obtains Contract to Supply Rolling Stock in Istanbul, Turkey
Fully Automated Driverless System Adopted for the first time in Turkey

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 Çekmeköy with coastal area Üsküdar, 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.
 
 
 
Company Profiles>
1. Mitsubishi Corporation (listed on the first section of the Tokyo Stock Exchange, Securities Code: 8058)
(1)    Headquarters
:
3-1, Marunouchi 2-Chome, Chiyoda-ku, Tokyo, 100-8086, Japan
(2)    Established
:
1950
(3)    Capital
:
204,400 million yen
(4)    No. of Employees
:
68,383 (including all its consolidated subsidiaries as of Mar. 31, 2014)
(5)    Representative
:
Ken Kobayashi, President and CEO
 
2. CAF
(1) Headquarters
:
José Miguel Iturrioz, 26, 20200 Beasain, Spain
(2) Established
:
1917
(3) Capital
:
573 million euros
(4) No. of Employees
:
6,938
(5) Representative
:
Andrés Arizcorreta García, CEO

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