Mitsubishi Industries' shares climbed on Feb. 23, Monday, after a consortium drove by Japan's top heavy equipment manufacturer struck a $3.36 billion arrangement to make Qatar's first tram framework.
The Tokyo-recorded stock climbed 0.69 percent to complete at 654.6 yen ($5.5) on news that the five-part consortium, which incorporates Hitachi and French resistance builder Thales, had gotten the request from Qatar Railways to manufacture "Doha Metro".
The arrangement to manufacture the country's first metro framework in Qatar's capital is justified regardless of 400 billion yen ($3.36 billion), a Mitsubishi Heavy representative said.
The undertaking, which is booked to be finished by 2019, incorporates 75 sets of three-auto trains, stage screen entryways, tracks, a route yard and continuous upkeep.
The metro framework - covering 241 kilometers (150 miles) with 106 stations - will interface the principle ranges of Doha, including the Hamad International Airport, the Old City and recently creating internal city zones, for example, West Bay and Lusail, they said.
The framework is likewise anticipated that would be a key transport interface in the middle of stadiums and offices amid the 2022 World Cup, which Qatar will have, the consortium said.
The report has been posted by Yahoo in their news page.
In another related news, Qatar Electric & Water Company has reported that the Qatar Electricity & Water Company (QEWC) has honored an agreement to a consortium drove by Japan's Mitsubishi Corporation together with Toyo Thai Corporation Public Company Limited (TTCL) to construct the Ras Abu Fontas (RAF) A2 seawater desalination plant.
The desalinated water created by the plant will be supplied to utility firm Kahramaa for a long time and the plant will be worked by Qatar Electricity & Water Company (QEWC).
Mitsubishi Corporation will work with Hitachi Zosen Corporation (Hitz) to introduce seawater desalination plant offices, while TTCL will be in charge of the rest of offices, for example, seawater admission and heater establishments, and so forth. The undertaking is relied upon to be finished and authorized by June 2015.
The new contract has importance as the nation's economy has seen surprising development because of the plenitude of regular gas and different assets and securing water and power have been one of Qatar's vital issues.
To satisfy the normal future interest for water, various new infrastructural advancement undertakings are being embraced by Kahramaa and the development of the Ras Abu Fontas A2 Desalination plant is a piece of QEWCs plan to take care of this demand.
Qatar said it plans to contribute over $5 billion before the end of 2013 to support its energy and consumable water generation limit.
A year ago in a significant activity went for fortifying the nation's water and power base, Kahramaa recompensed contracts adding up to almost QR4 billion to bidders Of these, agreement worth QR3.65 billion were given for works in the power division and the staying worth QR300 million were for undertaking water ventures. A third set of agreement worth an alternate QR64mn were granted for steering tasks and putting set up cutting edge metering foundation.
Qatar as of now has 30 percent more power era limit than it needs, permitting it to offer some to neighbors like Kuwait and Bahrain, with new activities offering the potential for more fares in a couple of years.
New ventures incorporate a 2,250 megawatt force plant, two desalination plants with an aggregate limit of 194 million gallons every day, and vast water stores.