Nippon Signal will take on a railway electrification project in Taiwan for the island's Transport Ministry, as it aims to develop its overseas segment into a main profit driver.
The Japanese railway signal maker will partner with a Taiwanese manufacturer to electrify about 120km of the South-Link Line, while also delivering railroad signal systems and crossing equipment. Construction will start within this year.
Once the project is completed in 2021, all segments of a train network that circles the island will be electrified, putting every part of Taiwan within a day's trip by rail.
For its next project, Nippon Signal is eyeing replacement demand for aging railway facilities.