Siemens to develop high-speed trains for Russia

21st December 2004, Comments 0 comments

21 December 2004 , SCHLESWIG - German electrical engineering giant Siemens and the Russian Railways company signed a preliminary agreement on Tuesday for the joint development of high-speed trains for Russia. The signing came on the periphery of the German-Russian consultations in the northern German town of Schleswig. Siemens chairman Heinrich von Pierer said the cooperation envisions about 60 trains with a potential value of EUR 1.5 billion. The technology will be based on Siemens' high-speed "Inter City

21 December 2004

SCHLESWIG - German electrical engineering giant Siemens and the Russian Railways company signed a preliminary agreement on Tuesday for the joint development of high-speed trains for Russia.

The signing came on the periphery of the German-Russian consultations in the northern German town of Schleswig.

Siemens chairman Heinrich von Pierer said the cooperation envisions about 60 trains with a potential value of EUR 1.5 billion.

The technology will be based on Siemens' high-speed "Inter City Express" (ICE), but most of the trains themselves will be built in Russia, Pierer said.

"In 2007 the first train will be operating between Moscow and St. Petersburg," he said.

The agreement came after the German and Russian delegations, with Chancellor Gerhard Schroeder and President Vladimir Putin, had ridden the latest version of the ICE train, the ultra-modern ICE3, on the 100-kilometre stretch between the northern port city of Hamburg and Schleswig.

Russian Railways chief executive Gennadi Fadeyev added: "By the end of 2007, we will be operating trains similar to the ICE3."

In another development, Russian Railways company and the German railway, Deutsche Bahn, signed a joint venture agreement for a Baltic regional railroad tourism project to be based in Kaliningrad.

The joint venture aims at establishing rail tourism services between Berlin and St. Petersburg, with stops along the way to include Kaliningrad and the capitals of the Baltic states of Latvia, Lithuania and Estonia.

Deutsche Bahn officials also said that the two sides aim to deepen their cooperation in the area of rail cargo. They said a joint venture is soon to be set up in Russia.

DPA

Subject: German news

 

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