SINGAPORE, Nov. 24, 2014 — Otis Elevator Company (S) Pte. Ltd. (“Otis Singapore”) has been selected by the Land Transport Authority (LTA) of Singapore to supply and install nearly 600 elevators and escalators for the northern stretch of the Thomson-East Coast Line mass rapid transit (MRT) project. The contract, valued at approximately $120 million by the LTA, is the highest valued new-equipment project win in Otis’ 161-year history. Otis, the world’s largest manufacturer and maintainer of elevators and escalators, is a part of UTC Building & Industrial Systems, a unit of United Technologies Corp (NYSE:UTX).
The contract is for 411 Otis escalators and 167 Gen2® elevators. Otis Singapore also provided vertical transportation systems for other segments of Singapore’s rail network system, including the North-South, East-West and North-East lines, and the newly completed first stage of the Downtown Line.
“We are delighted to be selected by the Land Transport Authority for the Thomson Line project, and look forward to playing an integral role in helping to keep people in Singapore on the move,” said Patrick Blethon, president, South Asia Pacific, UTC Building & Industrial Systems. “This contract is testament to the quality, reliability and safety of our products and affirms Otis’ position as the world’s leading manufacturer and service provider of elevators, escalators and moving walkways.”
The Thomson-East Coast Line is a new 43-kilometer underground MRT system. The Thomson section of this new line will link the northern part of Singapore to the central business district and Marina Bay area, adding capacity to the north-south corridor. The Thomson-East Coast Line is a major step toward the LTA’s vision of doubling the length of Singapore’s rail network by 2030.
The first stage of the project is scheduled for completion in 2019, with overall
completion scheduled for 2021. When completed, the Thomson-East Coast Line will
be Singapore’s most accessible MRT line, with an average of four entrances per station.
Otis is the world’s largest manufacturer and maintainer of people-moving products, including elevators, escalators and moving walkways. Founded 161 years ago by the inventor of the safety elevator, Otis offers products and services through its companies in more than 200 countries and territories, and maintains more than 1.8 million elevators and escalators worldwide. Otis is a part of UTC Building & Industrial Systems, a unit of United Technologies Corp., a leading provider to the aerospace and building systems industries worldwide. For more information, visit www.otis.com or follow @OtisElevatorCo on Twitter.