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September 8th, 2011
Russian Railways €500 M Order with Siemens

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Russian Railways (RZD) have placed an order for further Desiro RUS type regional trains with Train Technologies, a joint venture of Siemens and the Russian rail technology manufacturer Sinara. The order, for which a preliminary contract was signed in June of this year, is for the delivery of 1,200 cars and is worth about two billion euros. Production in the Ural Locomotives factory near Yekaterinburg is due to begin in 2013. RZD has also awarded Siemens a 40-year maintenance contract, effective 2013 and covering a total of 54 trains of the same type that RZD had already ordered in 2009 and 2010. This maintenance contract is worth around 500 million euros. The relevant agreements were signed by Peter Löscher, Siemens CEO, Vladimir Yakunin, RZD President, and Dmitriy Pumpyanskiy, President of the Sinara Group, at the international rail business forum “Expo 1520” in Shcherbinka near Moscow. Read More