Initiatives in the Social and Transportation Infrastructure Segment
In the social and transportation infrastructure segment, we are involved in a wide range of projects, including railways, bridges, ports and airports. Especially in the railway segment, since the 1990s, ITOCHU has been helping build railways and supply rolling stock all around the world, including in Sri Lanka, Hong Kong, the United States, India, China, the Philippines, Ukraine and Macau, giving people access to public transportation. In 2014, we entered into the contract with the Queensland Government for the supply of rolling stock, construction of rolling stock depots, and long-term maintenance of rolling stock in the form of a PPP, which the first unit was delivered in 2017 and continues to provide maintenance services for rolling stock and depots until 2046. The introduction of state-of-the-art rolling stock and maintenance facilities and maintenance facilities in Queensland will enable the Queensland state to respond to its growing population and at the same time provide more efficient rail services to rail users.
In 2018, we also opened the Container Port, which has the only large deep-sea berth in northern Vietnam, making it possible for large container ships to call at the port for the first time in the region. We will contribute to the further economic development of northern Vietnam, which plays an important role in the global supply chain.
This PPP project is Queensland’s largest ever order of new trains and is the Queensland Government’s highest priority infrastructure project. Rail has many advantages over other modes of transport, such as the ability to carry large volumes of cargo, punctuality, lower energy consumption and smaller environmental impact, and the modal shift from road to rail is expected to lead to growing global rail demand. ITOCHU plans to leverage the experience and knowhow gained through this PPP project to further increase its involvement in rail projects and help transport people around the world.