Exec: Russian Railways to buy 8 more Sapsan trains from Siemens

MOSCOW, Aug 3 (PRIME) — State-owned railway company Russian Railways plans to sign an agreement to buy another eight high-speed Sapsan trains from Germanys Siemens in September, Russian Railways Vice President Valentin Gapanovich told reporters Wednesday.

Under the contract, Russian Railways is expected to buy four Sapsan trains and obtain an option to buy four additional trains, Gapanovich said. He added that the Russian company also planned to sign a maintenance service agreement with Siemens.

Gapanovich said that the value of the deal was expected to be determined based on contracts signed between the two companies in 2005.

In 2005, Russian Railways bought eight Sapsan trains from Siemens for 276 million euros and signed a 30-year maintenance service agreement worth 354 million euros with the German company.

Russian Railways and Siemens are also expected to sign a final agreement on the production of Lastochka, or Swallow, high-speed electric passenger trains in September, Gapanovich added.


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