Malaysia’s Mrails seeking out new export markets for trains
Malaysian train, tram and monorail manufacturer Mrails International Sdn Bhd is looking for new export markets, particularly in South Asia and Africa. Although the company says it is not in active discussion with anybody at the moment, it hopes to take part in a Matrade-organized overseas trade mission next month learn more about the market from other cities.
Mrails’ current major local project is the Malacca (Melaka) Tram, a RM272 million (US$89.24 million) light rail operation launched just last week and expected to be operating by May 2012. The project is a join venture aimed at carrying 40,000 passengers a day, with Mrails owning a 80% share and Malacca’s government-owned Chief Minister Incorporation (CMI) taking 20%. Mrails is developing its rolling stock in partnership with China’s CNR Tangshan Railway Vehicles Co Ltd.
No further information is available at this stage, but Mrails is also reportedly working on plans for India, Sri Lanka, South African and Angola. The company says it hopes to have new export customers by next year.
source & article: Business Times
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