FOR IMMEDIATE RELEASE No. 3047

Mitsubishi Electric to Supply Railway Systems for TfNSW

Biggest order in history of Mitsubishi Electric's railway business in Oceanian Market

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TOKYO, September 5, 2016 - Mitsubishi Electric Corporation (TOKYO: 6503) announced today that RailConnect NSW (RailConnect), an unincorporated joint venture formed by Mitsubishi Electric's wholly-owned subsidiary Mitsubishi Electric Australia, Hyundai Rotem and UGL Limited, has been awarded a contract by Transport for New South Wales (TfNSW) for the delivery and maintenance of a new fleet of trains for the New Intercity Fleet.

New Intercity Fleet
(Courtesy of www.transport.nsw.gov.au)

The New Intercity Fleet is a AU$ 2.3 billion NSW Government project to replace trains carrying customers between Sydney and the Central Coast, Newcastle, the Blue Mountains and the South Coast. The fleet of double deck trains will offer long distance customers a more enjoyable travelling experience, providing comfortable seating, advanced communications technology and enhanced commuter amenities.

RailConnect will design and build 512 passenger cars, with the first trains to be delivered by the year 2019. The joint venture will provide maintenance and asset management services to the new fleet commencing on delivery of the first train in 2019 for a period of 15 years.

The passenger cars will be designed, manufactured, tested and commissioned by Hyundai Rotem, with Mitsubishi Electric Australia as technology provider and UGL supporting design and maintaining the fleet. Mitsubishi Electric Corporation's consolidated contract is expected to generate revenues of around AU$ 300 million, with its scope covering the railway systems, such as variable voltage variable frequency (VVVF) inverters, traction motors and train monitoring systems.

Delivery to Transport for NSW
Scope Railway systems (VVVF inverters, traction motors, train monitoring systems, passenger information systems) for New Intercity Fleet double deck trains (512 cars) and maintenance work
First Delivery 2019