TMH-Alstom-KTZ to supply Kazakhstan with 295 locomotives for EUR 1.3 bln
PARIS. Oct 27 (Interfax) - A consortium comprising CJSC TransMashHolding (TMH) of Russia, Alstom of France, and Kazakhtan Temir Zholy (Kazakh Railways, or TKZ) will supply Kazakhstan with 295 locomotives costing EUR 1.3 billion, a source from one of the three companies told Interfax.
The pertinent agreement was inked Wednesday in Paris. KTZ will be receiving 200 freight and 95 passenger alternating-current electric locomotives.
TMH has announced that supplier would be the Kazakh company Lokomotiv - a subsidiary of KTZ and the KTZ-Alstom Transport-TMH joint venture Elektrovozosborochny Zavod.
The agreement provides for the creation in Kazakhstan of a plant to produce the electric locomotives. Component parts for them will be produced both in Kazakhstan and in Russia. As previously reported, the parties reached preliminary agreement on this on June 3. Agreement was clinched July 19 concerning the joint venture's creation, and the first stone of the future plant was laid June 26 in Astana.
Trial locomotives should be out in 2012, and first actual delivery is slated for 2013.
TMH is Russia's largest producer of rolling stock for railways and subways, with companies in St. Petersburg, Bryansk, Penza, and the Moscow, Rostov and Tver regions. Combined company sales in 2009 came to 71 billion rubles. It is wholly owned by The Breakers Investments B.V., a company thought to be controlled by the co-owners of coal producer Kuzbassrazrezugol, Iskander Makhmudov and Andrei Bokarev. Russian Railways acquired a blocking stake in The Breakers in late 2007.