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. Last Updated: 07/27/2016

Railway Deals Signed

TAIPEI, Taiwan -- A group of Taiwanese companies building the island's first high-speed railway signed four civil engineering contracts Monday with Japanese, Taiwanese and South Korean firms.

The railway, costing an estimated 430 billion Taiwan dollars ($13.9 billion), is one of the world's largest infrastructure projects under construction. The four letters of acceptance signed Monday with the Taiwan High Speed Rail Corp. totaled 59 billion Taiwan dollars ($1.9 billion).

Two of the four contracts were awarded to a joint venture between Japan's Obayashi Corp. and Taiwan's Futsu Construction. The other deals were with a consortium involving Daiho Corp. of Japan and two Taiwanese firms, Chiu Tai and Kou Kai.