Tuesday, February 07, 2012

Bombardier joins Russian joint venture for trams

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Uralvagonzavod, Russia-based OJSC and Bombardier Transportation reportedly have established a joint venture to manufacture streetcars for the world’s largest nation, signing a letter of intent.

OJSC General Director Oleg Siyenko told RusBusinessNews that the joint venture wwill be established on a parity basis.

Ural Transport Machine-Building Plant, OJSC, is a subsidiary of Uralvagonzavod and specializes in tram production.