The former Soviet Union is a very specific market. For decades it has been developing on its own, with minor (or sometimes without) contacts with the world outside the USSR. With the fall of the iron curtain it became obvious that the local railway industry developed slower and in a more traditional way compared to ambitious Western and Eastern countries. The technology problem was complemented by a heavy economic and social slowdown as the Soviet Union got dissolved and the new economy was introduced. The crisis reached its peak in mid- to end-1990s; by that time some ground rules were established, large companies were privatized, and the facilities started operating. Gradually, slowly, overcoming economic and political obstacles the revival of the market started.
The emerging economy gave an impetus to all the industries involved in the production and distribution chain. The development of transportation - a key link in this chain - started.
Today Russia & CIS is one of the most rapidly developing markets. Under the Strategy of the Railway Transport Development in the Russian Federation until 2030, signed by Prime Minister Vladimir Putin, over 23,000 locomotives and 24,000 multiple units, as well as almost a million of freight cars and 30,000 of passenger cars will be acquired by that deadline.
The Olympic Games in Russia and the EURO-2012 Championship in Ukraine are the two milestones that already (regardless of the global economic crisis) give a boost to the railway development. New track, new rolling stock, new signaling compliant with the world's latest requirements will be needed. Russian and Ukrainian suppliers will be unable to meet these challenging demands.
Kazakhstan would like to develop its own railway machine-building, as announced by President Nursultan Nazarbayev. One of the leading states in the region would likes to have state-of-the-art technologies, which can only be provided by global suppliers.
Ambitious plans, burning need in advanced solutions, challenging deadlines... This is indeed the right time to enter this market.