Siemens Unveils $2.8 Billion Russian Railway Deal

June 1, 2011
Will deliver 240 regional trains

Industrial group Siemens said on June 1 that it will build two billion euros ($2.8 billion) worth of trains for Russia with its local partner Sinara.

A joint venture dubbed Train Technologies is to deliver a total of 240 regional trains under a preliminary deal that has been ratified by Russian officials, a Siemens statement said.

They are to be built in Russia starting in 2013.

Siemens said it estimates investments in the Russian railway system to be worth a total of 300 (US432 billion) billion euros in the next 30 years.

Copyright Agence France-Presse, 2011

About the Author

Agence France-Presse

Copyright Agence France-Presse, 2002-2024. AFP text, photos, graphics and logos shall not be reproduced, published, broadcast, rewritten for broadcast or publication or redistributed directly or indirectly in any medium. AFP shall not be held liable for any delays, inaccuracies, errors or omissions in any AFP content, or for any actions taken in consequence.

Sponsored Recommendations

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!