Transmashholding to invest in high-speed train assembly

TMHDuring Russia – Egypt Trading and Industrial Dialogue Forum, Transmashholding General Director Kirill Lipa said that the company is ready to invest dozens of millions of dollars into high-speed train assembly, the TASS reports.
“It will depend on what decision is to be taken regarding the Chinese manufacture and, in general, the rolling stock acquisition. If we get some flexibility, we have a chance to bid in the tender and have a high chance to win it”.
Lipa also noted that manufacture can be based on any site capable to weld aluminum. “Assembling aluminum car body is the simplest of all. It is about dozens, not even hundreds of million of dollars”, he said.

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