Bombardier Transportation and Transmashholding, a Russian rail technology manufacturer, recently signed an agreement creating two joint ventures.
The first will see the formation of an engineering joint venture to develop advanced propulsion technology and technical solutions for railway equipment. The second is a production joint venture to manufacture a family of traction converters based on Bombardier’s MITRAC propulsion technology.
The engineering centre will be located in
The manufacturing joint venture will produce the first traction converter family at Transmashholding’s plant in the city of
Both engineering and production joint ventures will be owned equally by Bombardier Transportation and Transmashholding. The two partners will together invest a total of €12.5m in the operations.