Alstom and Transmashholding (TMH) signed a contract for the design and manufacturing in Russia of key components for the EP20 electric locomotive.
The contract defines how Alstom and TMH will cooperate in fulfilling the approximately $1.2 billion order for 200 passenger locomotives awarded a month ago by Russian Railways to TMH.
The two companies teamed up in a global partnership, which includes a 25 percent stake from Alstom in the holding company of TMH. The global agreement has already resulted in the creation of a 50/50 joint venture, which will develop EP20 locomotives on the Novotcherkassk site. It is also planned that this joint venture will develop at a further stage metros, regional trains, passenger cars and other rolling stock.
The production of the vehicles will be carried out by TMH with technical support from Alstom on the same site of Novotcherkassk.