Siemens, Alstom sign major Russian rail contracts: report

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Russia's state rail company RZD is to buy 421 locomotives worth 2.1 billion euros from companies including France's Alstom and Germany's Siemens, RIA Novosti news agency reported on Thursday.

RZD signed a contract with Transmashholding (TMH), which is partnered with Alstom, to buy 200 passenger train locomotives for one billion euros (1.2 billion dollars) during a trade fair in southern Russia, the report said.

At the same fair in the resort town of Sochi, RZD signed a separate agreement worth 1.1 billion euros with Uralskie Lokomotivy, a joint venture between Siemens and Russian company Sinara, for 221 freight train locomotives.

Russia's rail network carried 1.3 billion passengers and 1.3 billion tons of freight in 2008 over 85,500 kilometres (53,100 miles) of railway.

Siemens has been providing RZD with high-speed trains for the Moscow to Saint Petersburg route since December.

Alstom announced earlier this year that it would buy a 25-percent stake in TMH, Russia's main train manufacturer.

© 2010 AFP

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