Posted by Kevin Scully
On 12 March 2013, Midas secured its third contract for 2013 worth RMB109.6mn for five PRC Metro projects. Last night Midas announced that it had secured its fourth contract for 2013 worth Euro 22.7mn or about RMB182.8mn Russian contract issued by Siemens AG and Sinara Group of Russia.
The four contracts which Midas has won in 2013 are worth a total of RMB1.34bn. This is a good start for Midas but we are still waiitng for that elusive high speed contract. High speed contracts were stopped in November 2011 following the Shanghai train accident. The newly revamped Transport Ministry and the new private company running the trains ...
