ST Engineering unit wins S$750 million contract for Taiwan metro line

ST Engineering's urban solutions arm secured a $750 million turnkey rail services contract in August to extend a metro line in Taoyuan, a special municipality in northwestern Taiwan. The Singapore Exchange-listed global technology, defence, and engineering corporation announced the project, which begins in the fourth quarter of 2026 and spans seven years.

This contract is part of a larger agreement with Hyundai Rotem, a consortium partner. ST Engineering will oversee project management and systems integration, providing rail-electronics solutions such as supervisory control and data acquisition, communications systems, an automatic fare-collection system, and platform screen doors.

Hyundai Rotem will handle the power-supply system and rolling stock. The project will involve the integration and delivery of key components, including signalling, depot equipment, and track works. ST Engineering's president, Gareth Tang, stated that the win reflects the confidence of customers in the company's ability to deliver large-scale rail infrastructure projects.

The green line extension will stretch for 7.2km and include five stations, marking it as the first metro line independently planned by the local government. This contract adds to ST Engineering's ongoing delivery of rail electronics solutions for the line, which included an $840 million contract for the brown line in July, also set to begin in the fourth quarter of 2026 and take eight years to complete. ST Engineering's shares rose 11 cents, or 1.04%, to $10.69 on August 27.