Uralvagonzavod Corporation and PESA to sign JV agreement
3 July 2014 (09:15)
July 3, 2014. An agreement on setting up a joint venture by Uralvagonzavod Scientific & Production Corporation and PESA will be signed during the Innoprom 2014 Exhibition, Uralvagonzavod Corporation’s press service reports.
According to the corporation’s experts, this is going to become an important step on the way to localizing the production of up-to-date deluxe trams in the Russian Federation.
‘The two partner companies are currently successfully working on a contract that was signed by Moscow Transport & Road Infrastructure Department and Uralvagonzavod’s Yekaterinburg-based daughter company in December 2012; the contract covered delivery of 120 three-section, new generation trams to Moscow. This jointly designed tramway is now produced in Poland and gets delivered to Moscow in strict compliance with the shipment schedule and the technical requirements set out in the contract, which was confirmed by the act of acceptance signed by an interdepartmental committee,’ the press service explains.
Cooperation within the framework of this earlier contract is the first partnership stage that does not provide for the setting up of a fully cycle production facility in Russia, mainly due to the fact that the first trams were to have been delivered to Moscow as soon as in March 2014, or 14 months after the contract has been signed. The new agreement is expected to take this cooperation further.
According to the corporation’s experts, this is going to become an important step on the way to localizing the production of up-to-date deluxe trams in the Russian Federation.
‘The two partner companies are currently successfully working on a contract that was signed by Moscow Transport & Road Infrastructure Department and Uralvagonzavod’s Yekaterinburg-based daughter company in December 2012; the contract covered delivery of 120 three-section, new generation trams to Moscow. This jointly designed tramway is now produced in Poland and gets delivered to Moscow in strict compliance with the shipment schedule and the technical requirements set out in the contract, which was confirmed by the act of acceptance signed by an interdepartmental committee,’ the press service explains.
Cooperation within the framework of this earlier contract is the first partnership stage that does not provide for the setting up of a fully cycle production facility in Russia, mainly due to the fact that the first trams were to have been delivered to Moscow as soon as in March 2014, or 14 months after the contract has been signed. The new agreement is expected to take this cooperation further.
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