Ministry, TMH, STM draft 110 bln ruble program for Russian railway engineering sector to 2025

MOSCOW. Dec 22 (Interfax) - Russia's Industry and Trade Ministry, train maker Transmashholding (TMH) and Sinara Transport Machines (STM) have prepared an investment program for railway engineering and components that calls for investing 110 billion rubles in the sector in 2022-2025, the government website reported.

"The program is aimed at achieving sovereignty in railway rolling stock with localization of key components, including import substitution of diesel engines for railway rolling stock, shipbuilding and a number of other sectors," Deputy Industry and Trade Minister Viktor Yevtukhov was quoted as saying in the press release.

Following the departure of leading international manufacturers, TMH and STM have been tasked with developing domestic diesel engines for large vessels, then Deputy Prime Minister Yury Borisov said in an interview with TV channel Rossiya 24 in May.

"Indeed, leading manufacturers' exit from the market, foremost diesel engines, this is MAN and Wartsila, was a blow to us, but we are now looking for contacts, establishing cooperation with our Chinese partners, and we will certainly establish it," Borisov, who now heads Roscosmos, said.

"And our engine designers at Transmashholding and Sinara have already received an assignment. I think that we will now set ambitious goals for them to create a domestic, powerful engine for large vessels," he said.