Siemens AG to Ink Russian Train Order Deal

15 July 2010 (Last Updated July 15th, 2010 18:30)

Siemens has signed a memorandum of understanding with OAO Russian Railways for a €2.2bn ($2.8bn) train order. The company will supply 240 regional trains over the next decade, according to Bloomberg. The trains will be a version of Siemens's Desiro regional model, which

Siemens has signed a memorandum of understanding with OAO Russian Railways for a €2.2bn ($2.8bn) train order.

The company will supply 240 regional trains over the next decade, according to Bloomberg.

The trains will be a version of Siemens's Desiro regional model, which is used on Hungary's state railway and London's Heathrow Express service.

The train order is part of the railway company's rolling stock and track network modernisation plan.