Kazakhstan Railways Signs MOU with Finmeccanica

11 November 2009 Wednesday, 10:16
Railway Contracts

Kazakhstan National Railways (KTZ) has signed a memorandum of understanding (MOU) with Italian firm Finmeccanica and Italian national rail operator Ferrovie dello Stato for wide-ranging cooperation in the development of the Kazakh rail sector.
The agreement includes the possibility of setting up technological centres of excellence. Chairman and CEO of Finmeccanica Pier Francesco Guarguaglini said the signing of this agreement represents an important opportunity for the Italian transport industry and rail associated companies, which can offer their technologies and products to countries like Kazakhstan that are heavily involved in major rail projects.

In addition, Finmeccanica subsidiary company Ansaldo STS has signed a joint venture agreement with KTZ, covering rail signalling, electrification and the establishment of control centres in Kazakhstan and neighbouring countries.

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