SIEMENS TO DESIGN HIGH-SPEED ELECTRIC TRAINS FOR RUSSIA

Published: 29 March 2005 y., Tuesday
The public company Russian Railways will sign a treaty with the Siemens on the stage of designing, the organization of the production of high-speed electric trains and general terms of the contract on April 11 in Hannover, president of the Russian Railways company Gennady Fadeyev told reporters on Monday. "This document, as a matter of fact, has been coordinated today," he said, commenting on the results of the meeting with the Siemens leadership on Monday. The head of the Russian Railways company specified that the German side was to determine the amount of the financing of the design work before April 6 and that this figure will be fixed in the treaty. This way, Fadeyev believes, the sides will be able to manage to cope with the timeframe of the signing of the final contract for the production of 60 high-speed electric trains. Earlier it was reported that the Russian Railways company and the Siemens will sign a contract in the middle of this summer. According to Fadeyev, the cost of the contract for designing and production of 60 trains has been estimated at 1.5 billion euros. However, this figure can be either increased or lowered," the head of the Russian Railways company specified.
Šaltinis: RIA Novosti
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.

Facebook Comments

New comment


Captcha

Associated articles

The most popular articles

Statement at the Conclusion of an IMF Staff Mission to Chad

The mission held constructive discussions with Prime Minister Emmanuel Nadingar, Finance Minister Gata Ngoulou, Infrastructure Minister Adoum Younousmi, and other senior officials. more »

EBRD helps improve quality of electricity supply in South Caucasus

The EBRD is helping to improve the quality of power supply and stimulate renewable sources of energy in the Caucasus with an €80 million sovereign loan to Georgia for the construction of a new high voltage transmission line - the Black Sea High Voltage line, which will interconnect Georgia and Turkey. more »

New railway bypass in Tbilisi

The EBRD is helping to improve the infrastructure of the Georgian capital, Tbilisi, with a €100 million loan for the construction of a new railway route bypassing the city. more »

"Notre Europe" chair Tommaso Padoa-Schioppa on the euro

One of the men considered to be the founding fathers of the euro currency met MEPs on the Foreign Affairs Committee Tuesday (16 March) to talk about transatlantic relations. more »

Commission consults stakeholders over trade policy towards developing countries

European Trade Commissioner Karel De Gucht today opened a conference focused on the European Union's trade policy towards developing countries. more »

Results Profile: Mexico Finance

At the beginning of the 2000s, state ownership in financial intermediation in Mexico accounted for about 20 percent of the total credit of the banking system, provided through development financial institutions and funds. more »

European Enterprise Awards 2010 – 12 nominees shortlisted

Halving the number of business failures by offering individual support, doubling the number of young people who want to start their own business or raising by 500% the number of enterprising new cooperatives are just some of the projects nominated for the European Enterprise Awards 2010. more »

Companies are invited to apply for Marco Polo funding to fight road congestion and make freight transport greener

The European Commission has published the fourth call for proposals for the creation and upgrade of freight transport services under the second Marco Polo programme. more »

15 March 2010 - ECB announces EU-funded cooperation programme with the Central Bank of Bosnia and Herzegovina

The European Central Bank (ECB) today announced a programme of technical cooperation with the Central Bank of Bosnia and Herzegovina, in collaboration with a number of euro area national central banks (NCBs). more »

Commission pays €1 billion in Balance of Payments support to Romania

The EU disbursed today €1 billion to Romania, the second instalment of a €5 billion loan, which was agreed in May 2009 as part of a multilateral financial assistance package. more »