MarketWatch, 7 Nov 2008
LONDON, UNITED KINGDOM, Nov 07, 2008 (MARKET WIRE via COMTEX) -- Westinghouse Brake & Signal Holdings Ltd (Westinghouse), part of Invensys Rail Group (IRG), has signed a contract with the Land Transport Authority of Singapore (LTA) to install signalling on Singapore's new Downtown Line. The contract is valued at S$288 million (approximately 123 million Pounds Sterling).
This new line is part of the major mass transit project to support the Land Transport Masterplan for Singapore's transport system. Part of the exciting vision of the Masterplan is to double the network of the Rapid Transit System from today's 138km to 278km by 2020. By then, Singapore's commuters will be within five minutes' walk (or on average 400 metres) to an RTS station within the Central area.
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