Friday, June 26, 2009

SNC-Lavalin, Russian Railways sign transport contract

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SNC-Lavalin Group, Inc. has signed an agreement to manage the construction and maintenance of roads and railways for the 2014 Winter Olympics in Sochi, Russia, Canadian Trade Minister Stockwell Day said.

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SNC signed the deal for an undisclosed amount with Russian Railways to provide 28 miles of roads and rails, including tunnels totaling 27 kilometers (about 17 miles) in length.

Montreal-based SNC-Lavalin, Canada's largest engineering company, has opened an office in Sochi, a port city on the Black Sea.

Last month Russian Railways said it planned to order up to US$765 million worth of high speed trains from Bombardier Transportation in anticipation of the 2014 Olympics.