Japan’s largest trading company, Mitsubishi Corporation, has contracted with Myanmar’s state railway company, Myanma Railways, to deliver new units of rolling stock for two major transportation projects—the Yangon Circular Railway and the Yangon-Mandalay Railway.
The total cost of the two projects is approximately 69 billion yen ($663 million), which will be covered by an international loan agreement between the governments of Japan and Myanmar.
Read the article below about the contract and the planned projects and identify the statements as True, False, or Not Given.
The new railroad cars will be shipped in one delivery.
The cars are to be manufactured in Japan.
The new rail cars are shorter in length than the existing rail cars.
The upgrade of the Yangon Circular Railway will reduce travel time by about a third.
The upgrade of the Yangon Circular Railway is expected to be completed by 2025.
It is expected that more people will use the upgraded Yangon Circular Railway.
The Yangon Circular Railway upgrade will result in some retail development.
The first agreement is to deliver 66 railroad cars for use in the Yangon Circular Railway project in Myanmar’s commercial capital. The second is to deliver 180 cars for the Yangon-Mandalay Railway, which connects Yangon, Naypyitaw and Mandalay.
The company said that the cars will be delivered to Myanmar in stages between 2023 and 2025. The cars will include Japanese components and equipment and will be assembled by Construcciones y Auxiliar de Ferrocarriles (CAF), Spain's leading rail car manufacturer.
The Yangon-Mandalay project is part of Phase 2 of the improvement plan of the Yangon-Mandalay Railway Line. The new cars will shorten travel time on the 620-km Yangon-Mandalay Railway from about 15 hours to around eight hours.
The Yangon Circular Railway project aims to upgrade and modernize the existing Yangon Circular Railway. It currently takes roughly three hours to complete the loop around central Yangon. The cars delivered by Mitsubishi Corporation will cover the approximately 46-km loop in under two hours.
Work started in February 2018 to upgrade the Yangon Circular Railway. In addition to cutting travel time, the overhaul aims to boost service frequency by 40%. The project has fueled development along the line in anticipation of a jump in commuters. The redevelopment will extend to government-owned tracts surrounding Yangon Central Railway Station, the main stop on the loop. Along with a new domed transport hub next to the existing station, the site will house high-rise office buildings and shopping spaces.
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