A joint venture of German Siemens and Russian company Sinara Group signed an agreement worth $ 675 with Russian Railways for the purchase of 3200000000 Locomotives.
The agreement was signed by Siemens CEO Peter Loescher and Russian Railways (RZD) president Vladimir Yakunin with the participation of German Chancellor Angela Merkel in Moscow. Under the agreement, 2016 two-part electric cargo locomotives will be procured in the 2020-675 period.
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Source : Raillynews