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The consortium formed by Mitsui & Co., Ltd. ("Mitsui", Head Office: Tokyo, President & CEO: Tatsuo Yasunaga), Toyo Engineering Corporation ("Toyo", Head Office: Chiba, President & CEO: Kiyoshi Nakao), Kobe Steel, Ltd. ("KOBELCO", Head Office: Kobe, President, CEO and Representative Director: Hiroya Kawasaki), and PT. Inti Karya Persada Tehnik ("IKPT", Head Office: Jakarta, Republic of Indonesia, President Director — CEO: Eiji Hosoi) has been awarded a 25 billion yen contract by PT Mass Rapid Transit Jakarta ("MRTJ") for the integrated railway systems and trackwork for the North-South Line of the Jakarta Mass Rapid Transit system (15.7 km). MRTJ is under the umbrella of the Special Capital Territory of Jakarta. The railway will be Indonesia's first subway line.
Mitsui assumes its role as the consortium leader, and Toyo is responsible for project management and designing and supplying the substation system, power distribution system, overhead contact system, trackwork, escalators and elevators. KOBELCO is responsible for system integration and designing and supplying the signaling system, telecommunication system, automatic fare collection system, platform screen doors system, and IKPT is responsible for the installation of all the systems and the supply of local products.
The Jakarta Mass Rapid Transit system, supported by the Japanese government with an ODA loan under the Special Terms for Economic Partnership (STEP) with MRTJ, is a project that has been strongly promoted by Indonesian president Joko Widodo since he was the governor of Jakarta, and is aimed to mitigate the traffic congestion, which has resulted from the recent rapid economic growth of the country. The project is also targeted to enhance the basic infrastructure development to improve the environment for further investment in the country. An extension of the route and construction of a new line between east and west are also planned as future expansion projects.
Each of the consortium member companies is determined to contribute to the further economic growth of Indonesia through the introduction of advanced Japanese railway technology.
|Route Length||15.7 km (9.2 km: elevated viaducts, 6.5 km: twin tube tunnels)|
|Number of Stations||13 stations (7 stations overground, 6 stations underground)|
|Passenger Volume||410,000 passengers per day (by 2020)|
|Completion Date||Within 3 years and 6 months after the contract effective date|
|Summary of Systems||Substation system, overhead contact system, power distribution system, signaling system, telecommunication system, facility SCADA system, automatic fare collection system, platform screen doors system, elevators & escalators, trackwork.|
South of Jakarta (Lebak Bulus)-Center of Jakarta (Bundaran Hotel Indonesia)
This announcement contains forward-looking statements. These forward-looking statements are based on Mitsui's current assumptions, expectations and beliefs in light of the information currently possessed by it and involve known and unknown risks, uncertainties and other factors. Such risks, uncertainties and other factors may cause Mitsui's actual results, financial position or cash flows to be materially different from any future results, financial position or cash flows expressed or implied by these forward-looking statements. These risks, uncertainties and other factors referred to above include, but are not limited to, those contained in Mitsui's latest Annual Securities Report and Quarterly Securities Report, and Mitsui undertakes no obligation to publicly update or revise any forward-looking statements.
This announcement is published in order to publicly announce specific facts stated above, and does not constitute a solicitation of investments or any similar act inside or outside of Japan, regarding the shares, bonds or other securities issued by us.