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Siemens to Supply Russia with 8 more Trains
17.06.2011 15:37
 Siemens to Supply Russia with 8 more Trains

The Russian Railways (RZhD), government owned national rail carrier, expects to sign a contract with Siemens for the supply of eight Sapsan trains. 

      The agreement will be signed in July, 2011, according to Valentin Gapanovich, senior vice president of Russian Railways company. He added, that the deal will probably follow the leasing sheme of financing. 

      The investment program of Russian Railways may be increased by 276 million euros in connection with the purchase of eight trains. 

      According to Dietrich Mueller, President of Siemens in Russia and Central Asia, noted, that Siemens was ready to build eight trains for Russia in two years.

Author: Ksenia Dzhalagonia

Tags: Russian business investment Russian transport   

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