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Mitsubishi Corp. wins $663m train car contract in Myanmar

Japan firm to deliver 246 cars for Yangon Circular and Mandalay routes

Japanese trading house Mitsubishi Corp. will deliver new train cars that will shorten journeys on the Yangon Circular Railway and between Yangon and Mandalay. (Photo courtesy of the company)

TOKYO/YANGON -- Mitsubishi Corp. has signed two contracts with Myanmar's state-run railway, Myanma Railways, to deliver new rolling stock, the Japanese trading house said Tuesday.

The total cost of the two projects is approximately 69 billion yen ($663 million), which will be covered by an international yen loan agreement between the governments of Japan and Myanmar. The projects are part of the Japanese government's railway infrastructure export drive.

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