RZD and Siemens Sign 1.7 bln Euro Contract on Train Servicing

The 2015 St. Petersburg International Economic Forum (SPIEF) has wrapped in Russia, with over 200 contracts worth $5.4 billion signed at the three-day event attended by a record number of participants.

Russian Railways (RZD) and German company Siemens signed a $1.9-billion contract for the technical maintenance of the Lastochka high-speed trains operating in Russia. Contract include 40 years technical maintenance for this high speed line.

Source : Reuters