Russian Prime Minister Dmitry Medvedev attended the signing ceremony in Yekaterinburg. Oleg Sienko, Chief Executive Officer of UVZ and Andre Navarri, President and Chief Operating Officer, Bombardier Transportation, signed the agreement.
Bombardier and UVZ plan to develop trains specifically designed for the requirements of the Moscow Metro and other cities in the Commonwealth of Independent States (CIS).
The agreement also calls for Bombardier to provide UVZ with a license to manufacture and sell UVZ low-floor trams with in Russia.
"Our agreement to introduce these modern metros and trams to Russia will significantly push the development of this mass transit sector and enhance the image of major Russian cities in the run-up to the 2018 world football championship," said Oleg Sienko. "Our joint engineering and production will ensure that the world's leading urban transport is available to Russians and built in Russia."
"The demand for mass transit in Moscow and other cities in Russia is growing steadily," Andre Navarri added. "Our smart transport solutions set new standards in mobility and passenger comfort. By teaming up with a strong local partner, we can offer passengers a new standard of public transport as the sustainable way to travel in the 21st century and help their country prepare to host a global championship."
Bombardier Transportation noted that it has it has long-standing relationship with Russia and the CIS which began more than 50 years ago through Deutsche Waggonbau AG (DWA), acquired by Bombardier in the late 1990s. From 1948 to 1995, DWA manufactured one out of every two passenger rail coaches made for the Soviet Union and later Russia. In 1996, Bombardier established the first international joint venture to be formed with the Russian Railways (RZD).