Nanjing SR Puzhen Rail Transport is a joint venture between CSR, which holds a 67.5% stake, and Singapore-based aluminium alloy extrusion manufacturer, Midas Holdings which holds 32.5%.
Midas CEO Mr Patrick Chew says "the order momentum for NPRT is very encouraging" after the company secured its third order in 2013 which takes the cumulative total to Yuan 1.4bn.
In February NPRT secured a Yuan 710m contract from Nanjing Metro for 26 four-car trains for Nanjing Metro Line 11, a 45km line with 17 stations which is due to open ahead of the 2014 Youth Olympic Games which will be held in the city. The trains will be delivered in 2014 and 2015. NPRT also won a Yuan 338m contract in January from Suzhou New District Tramway to supply 18 low-floor LRVs for operation on Suzhou National New & Hi-tech Industrial Development Zone Line 1. Delivery of these vehicles is set to take place in 2014.