Russian Railways (RZD) has awarded a 40-year maintenance and repair contract to Siemens for 294 Lastochka regional trains.
Valued at €1.7bn, the deal covers 54 trains manufactured in Germany and another 240 trains produced by a joint venture between CJSC Sinara Group and Siemens.
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The contract provides maintenance and repair services necessary for the operation and functionality of these Lastochka trains, and all services will be carried out in the Russian Federation, in a depot near Moscow or in Adler.
Russian Railways president Vladimir Yakunin said: "Today’s document shows that Siemens and Russian Railways intend to work for the next 40 years.
"In the current difficult economic and political situation in the world, this is a major achievement. The agreement also provides for combined payment in euros and roubles for the first time.
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"As a result of our negotiations, the cost of servicing the trains has been reduced almost threefold."
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By GlobalDataThe company said that if the actual annual mileage is 175,000km for each of the 294 electric trains, the servicing cost will be €0.8 excluding VAT for each train-kilometre.
In 2011, Siemens agreed to build the new trains as part of an order reportedly worth €2bn.
Siemens is delivering a total of 1,200 cars of which ten trains have already been produced and certified, with the outstanding order for 230 trains expected to be delivered by 2020.
Image: First Russian ‘Lastochka’. Photo: courtesy of Black leon via Wikipedia.
