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Moscow |
Kiev |
Astana |
CET |
| Russian Stock | Russian Ruble | |||||
| RTS | 1286,73 | (-0.21%) | EUR = | 39,75 | RUR | (+0,91%) |
| USD = | 31,39 | RUR | (+1,46%) | |||
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21.05.2012 Hyundai Rotem Signed a 5-Year Maintenance Contract with Ukraine
Ukrainian Railways (Ukrzaliznytsya) signed a maintenance contract with Hyundai Rotem for 10 trains, Ukrzaliznytsya reports.
The contract is signed for 5 years; within the term Hyundai Rotem would "ensure the quality of repairs and maintenance" Ukrzaliznytsya quotes its First Deputy Director General Mykola Serhiyenko.
Mr. Serhiyenko also mentioned that the opportunities of localizing Hyundai Rotem train production in Ukraine were discussed. "We are looking for potential participants in this project, [and] we're offering Ukrainian partners to the Korean side", he said. "I think that today we could start with 20% of local content. In general, we'll strive to achieve 40-50%, although a 60% target for the use of Ukrainian-made components in the production is set for our potential partners for future".
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18.05.2012 Railways To Bring Technologies for Customers' Satisfaction - Yakunin
Railways' goal is not only in effective use and development of the infrastructure but also in bringing maximal satisfaction to the customers' requirements, OAO Russian Railways' President Vladimir Yakunin said. He made this statement in Moscow at the 56th meeting of the CIS Railway Transport Council.
"Our plans are aimed at support and expansion of the railway transport technical resources, large-scale activities on the railways' equipment and modernization. In the near-term we will work at improving the rolling stock fleet operation and finalize the development of new-generation cars featuring improved reliability and efficiency", Mr. Yakunin said.
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17.05.2012 Maxim Liksutov Sold His Stock in Transmashholding
Maxim Liksutov, Head of Moscow Transport Dept., sold his stock in Transmashholding to other shareholders - Iskander Makhmudov, Andrey Bokarev and other managers, The Vedomosti reports. Mr. Liksutov confirmed that information to the newspaper.
The Vedomosti's source close to Transmashholding said that Mr. Liksutov received more than Alstom got in 2008 for 25% + 1 share (9.3 BB RUR). Infranews General Manager Alexey Bezborodov says that M. Liksutov, most likely, had a manager share and thus the buyback was tied to a separate agreement.
Transmashholding is the largest rolling stock producer in Russia & CIS. Mr. Bezborodov estimates the company's value at 10 - 12 BB USD. Although OAO Russian Railways remains Transmashholding's largest customer (holds 60% in the company's order book), Moscow Government is a great opportunity to the company. As examples, by 2020 all the Moscow Metro rolling stock is to be replaced, Moscow expects to launch speed LRV project.
Federal Antimonopoly Service though said that it did not receive a request for sales of stock in Transmashholding, while Transmashholding itself refused to comment on the deal.
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17.05.2012 Georgian Railway Goes for an IPO - Reuters
Georgia expects to raise up to 250 MM USD through Georgian Railway's IPO, The Reuters reports. The placement is to be made on LSE.
IPO should improve the company's brand awareness and be a source for its long-term development. The GDR price is set at 15.25 - 19 USD, thus the company is estimated at 800 MM - 1 BB USD. Citigroup and Goldman Sachs are appointed bookrunners of the deal. The Georgian Railway holds meetings with investors attended by the Georgian Prime Minister Nikoloz Gilauri.
At the present time Georgian Railway is state-owned.
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16.05.2012 ULRZ May Be Expanded to Produce New Locos - Governor
Ussuriysk Locomotive Repair Plant's (ULRZ) capacities can be expanded to produce new locomotives, The RZD-Partner quotes Primorsky Krai Governor Vladimir Miklushevsky. He made this statement in course of his tour at ULRZ.
"At the moment the [production facility] is loaded on the average of 85%; the diesel engine repair facility - at 100%", Mr. Miklushevsky said. "If we expand [the facility] a little, new diesel locomotives can be produced there".
ULRZ is part of OAO Zheldorremmash.
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16.05.2012 OAO RZD to Buy 11 Fire Extinguishing Trains in 2012
OAO Russian Railways (OAO RZD) will buy 11 fire extinguishing trains in 2012, The RIA Novosti reports. OAO RZD will invest 275 MM RUR into this acquisition.
In 2011 the company bought 7 fire extinguishing trains at 172 MM RUR, incl. trains that can extinguish fire both in open space and in tunnels. At the moment OAO RZD operates 304 fire trains.
Total fires at OAO RZD's sites and rolling stock decreased to 144 in 2011 from 188 in 2010.
The company keeps on improving fire safety - e.g. 100% of passenger coaches are equipped with fire alarm systems.
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15.05.2012 OAO RZD to Buy 427 EMUs and 30 Rail Buses in 2012
OAO Russian Railways (OAO RZD) will acquire in total of 457 multiple units, the company reports at its website. OAO RZD will invest over 11.660 BB RUR (300 MM EUR, +7.5% to 2011) to buy this rolling stock.
OAO RZD will buy 427 EMUs (ED series and ET4A) and 30 RA2 rail buses.
In addition to that, OAO RZD will refurbish 137 EMU cars: install HVAC systems, video surveillance systems, LED passage lines, vandal-resistant passenger seats and new windows.
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14.05.2012 Kazakhstan to Buy ~19,000 Freight Cars and 325 Locos in 2012 - 2014
|
Year
|
Freight Car Acquisition
|
Locomotive Acquisition
|
|
2012
|
14,737
|
134
|
|
2013
|
1,784
|
93
|
|
2014
|
2,410
|
98
|
|
TOTAL, 2012 - 2014
|
18,931
|
325
|
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11.05.2012 Moscow Metro Development Plan for 2012 - 2020 Approved
Moscow Mayor Sergey Sobyanin approved Moscow Metro Prospective Development Plan for 2012 - 2020, The RIA Novosti reports. Under the Plan the following results have to be achieved in 2012 - 2015:
|
Year |
Newly Built Stations |
Laid Track, km |
|
2012 |
3 |
8.5 |
|
2013 |
7 |
14.0 |
|
2014 |
9 |
14.9 |
|
2015 |
15 |
30.7 |
|
SUBTOTAL: 2012 - 2015 |
34 |
68.1 |
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10.05.2012 Russian Railways Announced Jan - Apr 2012 Results
OAO Russian Railways' (OAO RZD) President Vladimir Yakunin reported on the company's January - April 2012 results, OAO RZD reports at its website.
Passenger turnover raised at 4.8% to Jan - Apr 2011, while freight transportation raised at 2.9%. The company has also launched repair and overhaul of 1,142 km of track.
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07 - 09.05.2012 - RUSSIAN NATIONAL HOLIDAYS
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04.05.2012 Uzbekistan Railways Announced Foreign Cooperation Projects
Uzbekistan Railways (Uzbekiston Temir Yullari, UTY) reported its Q1 2012 results. UTY is proactively working with foreign suppliers and is expected to proceed with such projects.
As part of the high-speed operation establishment UTY signed a contract with Talgo for two trains at 9.98 MM USD. This railway will link Tashkent and Samarkand and will be Central Asia's first high-speed mainline.
Foreign companies will participate in electrification projects. The Marakand - Karshi section electrification project is to be financed by the Asian Development Bank and electrification of the Marakand - Navoi - Bukhara section is to be financed by the Japan International Cooperation Agency.
In 2011 - 2015 UTY expects to invest 2 BB USD into new projects. One of these is acquisition of electric locomotives and freight cars from CNTIC-CNRDLRC.
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03.05.2012 Trend of Direct Investments into Russia to Be Maintained - Putin
Russian Prime Minister Vladimir Putin sets forward a goal to keep on increasing direct investments into the Russian economy, The RIA Novosti reports. He made this statement at the meeting of the Commission for Foreign Investments.
"In 2011 over 52 BB USD was directly invested into the Russian economy", Mr. Putin said. "We have nearly reached the trend of the pre-crisis 2007. We need to have this trend fixed". To compare, 55 BB USD was invested into Russia in 2007.
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02.05.2012 SinaraHybrid Loco Presented by RZD Senior VP Gapanovich
Valentin Gapanovich, OAO Russian Railways' (OAO RZD) Senior Vice President, presented SinaraHybrid locomotive, OAO RZD reports. This is Russia's first locomotive with a hybrid drive.
This locomotive also called TEM9N was presented at the International Round Table of the Russian and European industrialists and entrepreneurs. It was developed by Sinara Transport Machines supported by OAO RZD.
SinaraHybrid is an innovative four-axle electrically driven per-axle control locomotive rated at 1200 horsepower. It is equipped with a Li-Ion batteries and supercondensers.
The locomotive installation lot will be produced in 2013.
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