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Siemens said to secure major Russian rail deal

AFP · 13 Jul 2010, 16:21

Published: 13 Jul 2010 16:21 GMT+02:00

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The €2.2-billion ($2.8-billion) sale of regional trains is the second major coup for Siemens in Russia this year. In May, a joint venture between Siemens and its Russian partner OJSC Sinara Transport Machines won a contract for 221 trains worth €1.1 billion.

Siemens chief executive Peter Löscher, who will be accompanying Merkel to Russia July 14 and 15, will sign the pre-contract with Russian Railways managers.

The Munich-based company has dramatically expanded its business in the Russian railway sector.

Last December, the Russian railway group RZD signed a €580-million order for up to 54 Siemens regional trains for the 2014 Winter Olympic Games in Sochi, a few days after a high-speed train built by Siemens began service between Moscow and Saint Petersburg.

Story continues below…

Russia's railway service operates more kilometres of track than any other country in Europe, Siemens said.

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Your comments about this article

18:09 July 13, 2010 by darwiniandemon
Hope their air conditioning works.
19:36 July 13, 2010 by Henckel
These new high-spped trains are so streamlined that they resemble snakes.
10:28 July 16, 2010 by MattUK
Congratulations to Siemens for winning a large contract.

If only Britain's manufacturing sector hadn't been so hideously wiped out in the past 40 years, a UK company may have been awarded the contract.

This is yet another example of how badly the UK has been run of late.

Time to emigrate perhaps?
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