Transportation> and Russian-based Transmashholding announced an
agreement to establish a new joint venture to develop a new family and
generation of locomotives using asynchronous propulsion technology.
The new joint company will be located in Russia, and
each party will have an equal share and equal rights. The main task will be the
development of new locomotives for the Russian and CIS markets, as well as for
export to new markets.
The creation of a new engineering joint venture to develop
locomotives is a consistent progression in the cooperation that started between
the companies last year. On May 25, 2007, an agreement was signed for the
establishment of two joint ventures. These included the development of advanced
propulsion technology for railway equipment and the production of key
components for electric locomotives -- traction converters based on
Bombardier’s proven MITRAC propulsion technology.