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Russian Railways sign major deal with Siemens AG
Russian Railways (RZD), Siemens AG and JSC Sinara Group signed an agreement about fundamental conditions of the delivery of 1,200 carriages of Desiro Rus (Lastochka) electric trains. The agreement also covers the localization of production of the trains which are going to be used to transport passengers during the Olympic Games in Russia's Sochi. The contract is evaluated at 2 billion euros. The partners have agreed to establish a specialized engineering center to develop and modernize multiple-unit trains that will let RZD or other carriers order introduction of changes in the basic construction and configuration of the localized electric trains. In 2014, Lastochka trains will be transporting passengers during the Winter Olympic Games in Sochi and then during the Paralympic Games in the city.
