KFW to Provide a 60 M EUR Loan to Ukraine for Loco Modernization
The German Development Bank, Kreditanstalt für Wiederauftbau (KFW), will offer a loan to the Ukrainian Government for Ukrainian Railways’ modernization, the RZD-Partner reports. The agreement was reached in course of the Ukrainian Prime Minister Vladimir Groisman’s visit to Germany. KFW is to provide a 60 M EUR loan to acquire equipment for restoring and modernization of the locomotives owned by Ukrainian Railways. The details of the loan will be agreed in July. The wear of t
Moscow - Kazan High-Speed Line to Be Commissioned in 2020
The Moscow - Kazan high-speed mainline is to be commissioned in 2020, the TASS quotes OAO RZD First Vice President Alexander Misharin. “We have a schedule and it is not a quick construction project”, Mr. Misharin said. “We finalize design and launch construction this year. According to the schedule, it is to be commissioned in 2020”. “This line is to be commissioned in several phases. In parallel, design work is to be launched for other lines. We are now working at a justific
Sinara and CRRC Signed High-Speed Train Manufacture Agreement
Sinara Group and CRRC signed an agreement to establish a high-speed train manufacturing facility in Russia, Sinara reports. The document was signed by Sinara Group Chairman Dmitry Pumpyansky and CRRC President Guohua Xi in presence of OAO RZD President Oleg Belozerov and China Rail Corporation General Manager Sheng Guangzu. Under the agreement the companies will establish a joint venture and “consolidate efforts to ensure supplies of not less than 100 trains” operated at 300
FGK Might Buy UVZ-Logistic
Federal Freight Company (FGK) might buy UVZ-Logistic, the Kommersant reports. FGK has ordered a report on market and fair price of the company to KPMG. UVZ-Logistic, Uralvagonzavod’s subsidiary, is on sale. Uralvagonzavod is selling it via Sberbank CIB. UVZ-Logistic’s fleet is now leased by FGK. UVZ-Logistic is a freight car operator. Uralvagonzavod experiences problems as the Russian freight car market dropped and it is looking for cost reduction and efficiency improvement o
Russo-Chinese Inter-Gov Agreement on HST Not Ready - Russian Ambassador
Russian-Chinese intergovernmental agreement on building the Moscow - Kazan high-speed mainline has not been signed yet, the TASS quotes Russian Ambassador to China Andrey Denisov. Negotiations are still ongoing, he added. “As far as I know, the respective intergovernmental agreement that is to become the pinnacle of various documents on this project is not ready for signing but the negotiations are ongoing”, Mr. Denisov said. “We have no right to mistake. Not technically - i
RZD to Sell VRK-3
OAO RZD is to sell “Car-Repair Company 3” (VRK-3), the TASS reports. A decision was taken by OAO RZD Board of Directors. The company would sell 100% minus one share in VRK-3. The starting price for the package is equal to its nominal value of 7.01 B RUB. VRK-3 is a company providing freight car repairs. It has 38 subsidiaries in 25 regions and is capable to provide maintenance and overhaul to 90,000 freight cars and 500,000 wheel sets p.a. Earlier OAO RZD President Oleg Beloz
Hyperloop Promised to Build the New Silk Road in Russia
Source: RBC, June 22, 2016 (http://www.rbc.ru/business/22/06/2016/576a22c69a79477cd9c44eb8?from=main) Hyperloop plan in Russia is to build a New Silk Road, Shervin Pishevar, Chairman of the Hyperloop operator, Hyperloop Technologies Inc., announced. In addition to the high-speed mainline in Moscow region, Hyperloop is planning to build a New Silk Road through Russia to deliver freight from China to Europe, Hyperloop Technologies co-founder Shervin Pishevar said. He noted that
President Putin Supported the Hyperloop Project
Russian President Vladimir Putin promised to support the Hyperloop project, the RBC quotes President’s Press Secretary Dmitry Peskov. It is the first time the Kremlin officially confirms its interest to the project. In course of the St. Petersburg International Economic Forum President Putin had a meeting with Hyperloop One Chairman Shervin Pishevar. “Yes, in course of the meeting with investors he [Mr. Pishevar] had a speech”, Mr. Peskov said. “He described the project and t
UniWagon to Supply 3800 Freight Cars to Business Alliance
United Wagon Company (UniWagon) signed a contract for new-generation gondola car supply to Business Alliance Leasing Company, the RZD-Partner reports. Under the contract the customer is to get over 3,800 cars manufactured by Tikhvin Car-Building Plant. This is a second contract signed by UniWagon and Business Alliance. The first was signed in April 2016. UniWagon would supply cars since end-June 2016.
VTB to Invest 305 M USD into St. Petersburg LRV Projects
VTB signed a Memorandum of Cooperation with St. Petersburg, the Gudok quotes St. Petersburg Administration. Under the MOC the parties would develop the city’s transport infrastructure. VTB would invest not less than 20 B RUB (305.6 M USD) into transport infrastructure development in St. Petersburg. VTB Chairman Andrey Kostin noted that the priority for both the parties is building two lines of light rail vehicle. One is to link Kirovsky Plant with Peterhof and the other will
