Kazakhstan to export electric locomotives

Kazakhstan to export electric locomotives
loveopium.ru

Kazakhstan will export its electric locomotives to neighboring countries. A corresponding memorandum was signed between the Ministry of Trade and Integration and one of the largest mechanical engineering companies in the world, a French one. Within the framework of the document, it is planned to strengthen bilateral cooperation, including the promotion of equipment assembled in Kazakhstan abroad, as well as increasing local potential. To date, the share of local content in the produced electric locomotives is 40 percent. Manufacturers plan to bring it to 60 percent very soon.

“Thereby, the cost will decrease and the price competitiveness of these products will increase, but related industries will also grow, which in general will allow us to get closer to the goal of doubling non-resource exports, which we planned until 2025, faster,” said Bakhyt Sultanov, Kazakh Minister of Trade and Integration.

“This is just another step in our journey of our relationship with Kazakhstan. And, when you think about the contract that we have with KTZ, I always tell people “we’re going to be in the country, you know, for the next 30-40 years, servicing the locomotives that are already running in the country and that we will deliver for the rest of this decade and, hopefully, beyond. We have a long-term outlook on the relationship with KTZ and broadly with our clients in Kazakhstan. And this is just another step in the journey to do more,” added Andrew Deleone, Regional President of Alstom company.

 

Translation by Saniya Sakenova

Editing by Galiya Khassenkhanova