Mitsubishi Heavy Industries Ltd. and Toshiba Corp. said Monday they have won an order to supply train tracks and systems for a high-speed railway extension project in Taiwan that is valued at some ¥20 billion.

The project aims to extend a 345-km line between Taipei and Kaohsiung so people can make the trip in as little as 90 minutes.

The two Japanese companies will supply tracks and systems for some 5 km of the 9.2-km extension to connect Taipei Station and the city's new Nangang Station, with operations scheduled to start in March 2016.

Mitsubishi Heavy will be responsible for overall project management, providing equipment, including tracks, signal and data transmission systems and monitoring cameras, while Toshiba will be in charge of traffic control and power supply systems.

The existing high-speed line, launched in January 2007, was built by a consortium of seven Japanese companies, including Mitsubishi Heavy and Toshiba.