New York’s Metro-North Orders Electric Passenger Cars

 Tokyo, July 25, 2006 — Kawasaki Heavy Industries, Ltd. today announced that U.S. subsidiary Kawasaki Rail Car, Inc. (KRC) has confirmed the intention of the New York Metropolitan Transportation Authority’s Metro-North Railroad (MNR) to place an order for 210 AC/DC electric passenger cars a base contract worth approximately $500 million. The cars will be the first multicurrent electric models to go into service on the MNR. A prototype car will be delivered in May 2009 and production cars will be delivered by 2011.

 In addition to the base order, the contract includes an optional $400 million order for up to 170 cars, with delivery to be completed by 2013.

 The order is part of the MTA’s five-year Capital Program, which will replace existing cars and improve services. Kawasaki’s electric cars will serve commuters on the 116 km northeastern corridor between Grand Central Station in Manhattan and New Haven Station, Connecticut. The stainless-steel cars will be the longest and widest of this kind, and can operate under three power supplies: 12,500 VAC, 25,000 VAC and 650 VDC.

 The KHI Group’s rolling stock plant in Lincoln, Nebraska will manufacture the car bodies, install the equipment and complete final assembly, while KRC’s Yonkers, New York plant will be responsible for procurement, delivery and warranty service.

 Kawasaki is committed to contributing to reduced environmental impact through the development and deployment of railcars based on reliable, advanced technologies.