Cash for Infrastructure Projects Lure Big Players

Philippe Pegorier, of Alstom French engineering conglomerate Alstom has done a spectacular job making inroads in Russia over the past 12 months. It signed tentative agreements — or gained approval for deals — with nine major companies including RusHydro and Rosatom, chiefly seeking to develop technology and manufacture domestically rather than selling from abroad. “We have changed our strategy,” Alstom’s country president Philippe Pegorier said […]