Hartasuma collaborates with MPIC for Philippines rail market entry

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PETALING JAYA: Integrated rolling stock and rail services company, Hartasuma Sdn Bhd and Metro Pacific Investments Corp (MPIC) have joined forces through a collaboration agreement to explore opportunities in the Philippine railway engineering and maintenance market.

To begin, the parties look to participate in projects with an indicative investment value of RM250mil.

The purpose of the agreement is to provide a framework for the cooperation between MPIC and Hartasuma. “We are intent on contributing to the government’s aspiration of enhancing regional connectivity through the development of key railway infrastructure,” Hartasuma group executive director Tan Sri Ravindran Menon said in a statement.

 

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