Thursday, August 17, 2017

Pakistan signs memorandum with Transmashholding

CJSC Transmashholding, the largest producer of rolling stock for subways and railways in Russia, signed a memorandum of cooperation on October 2 with the Pakistani Railway Ministry.

TMH and Pakistan worked together to determine the railway projects in the country that might be interested in utilizing the production, investments and technology of TMH. The memorandum establishes a specially formed supervisory committee to coordinate activities between THM and the Pakistani Railway Ministry. That committee will meet at least once annually, according to Russia & CIS Business and Financial Newswire.

"Pakistan is a new market for TMH," Shukhrat Makhmudov, the commercial director of TMH, said, according to Russia & CIS Business & Financial Newswire. "We are willing to offer products that can significantly increase the efficiency of the country's transport system."

Pakistan's railway is 7,791 kilometers in total and uses 293 kilometers worth of an electrified track. The country uses multiple wheel standards, but its most frequently used wheel standards are 1,000 millimeters and 1,676 millimeters.

TMH has plants in Penza, Bryansk, St. Petersburg and the Tver, Rostov and Moscow regions.

France's Alstom and Russia's OJSC Russian Railways each own 25 percent plus one share in the company. The remaining TMH shares are owned by Andrei Bokarev, Iskander Makhmudov and divisions of Transgroup, Russia & CIS Business & Financial Newswire reports.