Dhaka Mass Transit Company (DMTC) has awarded a Rs31.91bn ($470m) design-build contract to a joint venture (JV) of L&T Construction’s Railways Strategic Business Group and Marubeni Corporation for the Dhaka Mass Rapid Transit Development Project (MRT-Line 6).

The scope of the contract includes development of ballastless track, DC overhead catenary system (OCS) of feeder messenger type, communication-based train control (CBTC) signalling system, energy storage system (ESS) and eight 1,500V DC traction substations (TSS) for the MRT-Line 6 Project.

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Automatic fare collection devices, a long-term evolution (LTE)-based communication network and other important infrastructure will also be provided as part of the contract.

The Line-6 will link Uttara and Motijheel areas in Dhaka.

“CITIC intends to enhance its services portfolio and enter new markets through the investment.”

Thales has been selected by Nippon Signal to supply its European Train Control System (ETCS) for the Bangkok Red Line network.

The State Railway of Thailand (SRT) has signed a contract with Nippon Signal for the installation of the ETCS system on two Red Line sections, 25 new electrical trains and two existing non-electric trains.

The signalling works on the double-tracked network are expected to be completed by 2020.

France-based project structuring and operations services provider Egis has been preferred by Etihad Rail to provide project management consultancy services for the national railway network project in the UAE.

Egis will supervise the design and build activities and assist the project contributors involved in the development of stages two and three of the Emirates railway network, which are expected to be completed by 2024.

Etihad Rail is the developer and operator of the project, which forms part of the Gulf Cooperation Council rail network.

Fosun International’s subsidiary Sunvision Holdings has signed an agreement with AECOM to set up a JV.

The JV will explore opportunities in transit-oriented development (TOD) market in China.

Based in China, Fosun International offers investment services.

CITIC Capital Silk Road Fund, a pan Eurasia-based fund managed by investment firm CITIC Capital Holdings, has made an investment in logistics services provider Shanghai Railink International Intermodal Logistics and Atasu Group.

CITIC intends to enhance its services portfolio and enter new markets through the investment.