RZD exits gondola cars lease agreement

Rostec State Corporation and RDZ have reached an agreement on the return to UVZ-Logistik, part of Uralvagonzavod, of 27.2 thousand gondola cars. The gondola cars had been leased to RZD’s subsidiary Federal Freight. Under the agreement, the fleet of the leased gondola cars will be returned to the owner starting from 1 November. In November 2015, UVZ-Logistik leased almost 28 thousand gondola cars to the In-house Technical Maintenance Center operating as part of RZD.
Rostec Group, established in November 2007, provides assistance to Russian entities of various industries in the development, manufacture and marketing of hi-tech goods domestically and abroad, in carrying out applied R&D to explore promising technologies and in adopting advanced techniques for production to boost the quality of domestic technologies, to reduce the time and cost of their development.

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