VERSIONS: روسيا اليوم NOTICIAS FREEVIDEO ИНОТВ RTД
breakingnews
Go to main page   Business   News   Expo 1520 brings railways and Russia back into focus  
MORE ON THE STORY
10.09.2009, 22:26

Magna Sberbank buy in to Opel paves way for resurrection

The Opel Trust, which owns 65% of Opel and has the final say on who will buy the car maker, has approved its sale to Magna-Sberbank, after an earlier vote by General Motors.

10.09.2009, 16:23

GM decides on Magna – Sberbank bid for Opel

GM has announced that the future of its European arm, Germany based Opel, has been decided in favour of the joint bid by Canadian car parts producer Magna and Russia’s Sberbank.

10.09.2009, 15:05

Golf Tees off in Russia

Russian businessmen have defied the crisis by splashing out huge sums on luxury golf courses this year. Tycoons have already pumped half a billion dollars into the golf industry in the first 8 months of 2009.

RIA Novosti / Valeriy Melnikov 12.10.2010, 14:34 1 comment

Russia and investment

With American venture capitalists looking over the Skolkovo innovation centre Business RT spoke with Yury Voicehovsky, Chairman, National Council for investment Climate Development, about Russia's investment potential.

19.02.2010, 20:50 2 comments

Avtovaz turnaround to come on Renault chassis

Renault is likely to use its popular budget Logan model as the platform to revive Avtovaz's ailing Lada brand. But Avtovaz says the poor quality of car part suppliers is now the main problem.

10.11.2009, 22:29 1 comment

Avtovaz turnaround plan awaited as carmaker buckles

A rescue strategy for Russian carmaker Avtovaz is expected soon, with funding proposals to help the company overcome crippling debts, develop new models and manage thousands of potentially excess employees.

25.06.2010, 13:53 1 comment

Boeing looks to Skolkovo as US and Russia link up on technology

Russia and the United States have agreed to jointly work on innovative breakthroughs, with Dmitry Medvedev meeting Barack Obama in Washington, after the Russian President's Silicon Valley visit.

09.07.2010, 18:06 1 comment

New SKF plant puts Tver on manufacturing cutting edge

Russian manufacturing got a boost this week from the opening of a new plant that will make tapered roller bearings for locomotives.

RIA Novosti / Valeriy Melnikov 30.10.2010, 12:04 1 comment

New Magna plant to step into Russian car component gap

Magna has opened its fifth plant in Russia. It is ramping up Russian production as more foreign carmakers expand their operations. But local component production is still in low gear.

01.06.2009, 10:20

Global partners hit the tracks with Russian Railways

European transport giants Alstom and Siemens say they are ready to start producing train locomotives in Russia, with Russian railways signing cooperation agreements at the 4th International Railway Business Forum.

Expo 1520 brings railways and Russia back into focus

Published: 11 September, 2009, 14:28
Edited: 12 September, 2009, 16:31

(8.4Mb) embed video

TAGS: Investment, Manufacturing, Regional development, Russia and the global economy


International Railway Salon Expo 1520 is taking place in Moscow Region, bringing together all the countries using the 1520 millimeter gauge. They plan to boost demand for wagons, locomotives, and high speed trains.

Fast transport for vast territories. By 2030 Russia will more than double the length of railway track to 200 thousand kilometers – spurring demand for high speed trains to ease travel across the country.

It's a complex task for railway operators – and train producers, keen to enter the market. The front runners are French producer Alstom and Germany’s Siemens. Both have pilot contracts with the Russian railways according to Aleksandr Nazarov, Head of the Technical department at Russian Railways.

“The potential for Siemens and Alstom is the same. We are working with them to raise quality and lower costs. We don’t give anyone a preference. We have competition, tenders and we chose a worthy partner. It's important – not only the supply of trains, but continued maintenance. Currently, Siemens is doing a better job.”

But Alstom has high hopes. It’s in the final stage of buying a stake of 25% plus one share in TranMashHolding – one Russia’s largest machine building factories. The first tranche – $75 million- will be paid after finalizing the deal.

Another shareholder of TransMashHolding is Russian Railways which also owns a quarter. Philippe Mellier, President of Alstom Transport says working with the Russia rail giant is a key part of the investment.

“To partner with a big Russian company like TransMashHolding is an investment for us and demonstrates our commitment to Russia in the long-term. I think it’s going to pay off because we have the right partnership, on one side with TransMashHolding, on the other side with RZHD and if it works very well I think the future is very good for us.”

But Siemens is going all out as well. At the EXPO1520 it went further than the other companies, and didn’t just bring a model of train, but even provided a test drive.

+4 (4 votes)
 
Back to top
next MORE NEWS
10.09.2009, 22:26

Magna Sberbank buy in to Opel paves way for resurrection

The Opel Trust, which owns 65% of Opel and has the final say on who will buy the car maker, has approved its sale to Magna-Sberbank, after an earlier vote by General Motors.

Vladimir Putin (AFP Photo / RIA Novosti / Pool / Alexey Nikolsky) 11.09.2009, 16:55

PM Putin sees economic stabilization

Prime Minister Vladimir Putin said on Friday that the Russian economy stabilised in June, showing slight growth.