Mitsubishi Corp. signed a deal worth ?260 billion ($1.9 billion) to supply equipment for a commuter railway system in Manila, the Nikkei business daily reported.
The Japanese trading house will provide a package including signals, communications equipment and rails in a project designed to alleviate chronic traffic congestion and air pollution in the capital, the report said.
The work is part of the Philippine department of transportation¡¯s plans to extend the North-South Commuter Railway, which will connect Manila and surrounding cities, by about 110 kilometers, the paper said.
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