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ZTE Wins $66M Vietnam Deal

ZTE wins $66M Vietnam Railway communications contract

November 14, 2005

1 Min Read

SHENZHEN, China -- ZTE Corporation (Shenzhen: 000063, Hong Kong: 0763), the fastest growing global provider of telecommunications equipment and network solutions, has been selected to modernise Vietnam's northern railway transceiver systems. This is one of the largest overseas transportation communications projects ever undertaken by a Chinese telecoms vendor.

Under the engineering, procurement and construction contract signed with Vietnam Railways Corporation in Hanoi, ZTE will modernise signalling and telecommunications systems for three railway routes in Vietnam including the Hanoi-Lao Cai, Hanoi-Dong Dang, and Hanoi-Thai Nguyen lines, and for Hanoi rail junctions.

"This project has been in the pipeline since 2001 when the Ministry of Transportation authorised a feasibility study, " said Mr Tran Van Luc, director of Railway Projects Management Unit, Vietnam. "We were impressed with ZTE's professional and customised solutions and services, so finally chose it as our partner."

ZTE will provide switching system, transmission products, access networks, monitoring products, videoconferencing system, digital dispatching system, interlock /block system and train operation monitoring/supervision system, for the VND1 trillion (US$66 million) project.

"The railway transceiver systems are due for operation in four years. Once operational, the systems will help enhance the modernisation and security of Vietnam's northern railways, and promote the economy and tourism development of surrounding areas," said Mr Mao Chengyu, chief representative of ZTE Vietnam. "We are proud to be the first Chinese telecoms vendor to contribute to the development of Vietnam's railway network."

ZTE Corp.

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