Novosibirsk Metro to Assemble Metro Cars
Novosibirsk Metro will assemble metro cars, the Gudok quotes Novosibirsk Mayor Anatoly Lokot. A respective agreement was reached with Moscow Car Repair Plant. The metro car assembled in Novosibirsk will cost the city 30% less than the car assembled in Moscow. Novosibirsk will supply metro cars to own metro and, potentially, to Ekaterinburg. Earlier Novosibirsk Metro arranged overhaul of the metro cars - pneumatic, electric and mechanic parts of the vehicles are overhauled and
RZD Acquired 947.7 K Tons of Rails in 2016
OAO RZD bought 947.7 K tons of rails in 2016, the company reports. All the rails were acquired from Russian manufacturers. EvrazHolding delivered 677.8 K tons and MECHEL delivered 269.9 K tons to OAO RZD. The rails were used for both newly built links and rebuilding existing lines. OAO RZD acquired 628.4 K tons of rails in 2015. All of these were delivered by EvrazHolding.
GE Acquires 50% in Locomotive Kurastyru Zauyty (LKZ) from Kazakhstan Railways
GE Transportation acquires 50% in Kazakhstan-based Locomotive Kurastyru Zauyty (LKZ), Kazakhstan Railways reports. A respective agreement was signed between Kazakhstan Railways and GE Transportation. “After necessary approval procedures are passed”, GE Transportation will have the same share in LKZ as Transmashholding does. GE Transportation is to provide direct investments into the plant’s development, transfer the latest technologies, establish pre-requisites for new manufa
Transmashholding Started Supplying Components to Alstom
Tsentrosvarmash (TsSM, Transmashholding asset) started shipment of bolster beams to Alstom, the PRIME reports. The beams manufactured in Russia will be used in bogies of the Metropolis metro cars that Alstom is to supply to Panama. Under a three-year contract, TsSM is to supply 350 Bolster B20 beams to Alstom. The Russian supplier is to deliver 29 beams until end-2017. Alstom has certified the manufacturing site as well as the personnel manufacturing the bolsters. “TsSM was t
RZD Capital Increased at 40.1 M USD to Execute Infrastructure Projects in 2017
Russian Government increased OAO RZD’s joint stock capital at 24.98 B RUB (40.88 M USD), the PRIME reports. The funds will be invested into infrastructure projects. The company is to allocate 8.84 B RUB (14.47 M USD) to build a railway link between Prokhorovka, Zhuravka, Chertkovo and Bataysk. This link is also known as “link bypassing Ukraine”. OAO RZD is to invest 3.34 B RUB (5.47 M USD) to overhaul the rail link between M Gorkogo Station, Kotelnikovo, Tikhoretskaya and Kry
RZD and Gazprom to Finance Yamal Railway Construction
OAO RZD and Gazprom will finance Yamal Railway construction, the Rossiyskaya Gazeta reports. A respective agreement is to be signed between the two companies and Yamal District Government. This is to be a concession project worth of 240 B RUB. The request for funding is yet to be approved by the federal government. Yamal Railway (aka Northern Latitude Way) is a 700 km railway that would link currently operated North and Sverdlovskaya Railways. The freight potential of the rai
RZD Not to Be Privatized in 2017 - Belozerov
OAO RZD will hardly be privatized in 2017, the Interfax quotes OAO RZD President Oleg Belozerov. Ideally, OAO RZD is to get a portfolio investor upon the privatization, Mr. Belozerov believes. “The next year is to be a year of on how we should approach privatization”, he said. “Not all the prerequisites are in place today, so I think it will not make sense holding privatization in 2017. We feel OK without investors so far”. As for the privatization format, Mr. Belozerov said
RZD to Design Freight High-Speed Train
OAO RZD is working at a concept of a freight high-speed train, the PRIME quotes OAO RZD First Vice President Alexander Misharin. The trains would operate at up to 300 km/h. The freight train is to haul 300 - 600 ton trains. Design-wise it is to be “similar to a passenger high-speed train”, OAO RZD noted.
RZD 2016 Loco Acquisition and Modernization Results
OAO RZD published some preliminary results for 2016, the RZD-Partner reports. It primarily concerns OAO RZD investments into rolling stock. The company’s investment program is 399.4 B RUB (-3% to plan). OAO RZD is to buy 495 locomotives (500 in 2015) at 68.3 B RUB. The company is to modernize and extend life of 1608 locomotive sections, including 1016 diesel and 592 electric locomotives.
Russia to Grant 88.8 M USD to Freight Car and Loco Customers
The Russian Ministry for Economic Development proposes granting 5.4 B RUB (88.8 M USD) of subsidies to customers buying innovative freight cars and locomotives, the Vedomosti reports. The Ministry sent a respective document to the Russian Government. A rolling stock customer is to get a subsidy of 300 K RUB (5,000 USD) per car; it covers approximately 10% of the freight car price. The locomotive costs 30-80 M RUB (0.5 - 1.3 M USD), so the subsidy will cover a smaller portion