Russian Railways Passenger Unit to Buy Six Trains from Spain's Talgo

SOCHI, Krasnodar Region, Jun 1 (PRIME-TASS) — Russia's Federal Passenger Company, a subsidiary of state-owned railroad company Russian Railways, plans to sign an agreement in June to buy six trains from Spanish railway vehicle manufacturer Talgo, Russian Railways Vice President Valentin Gapanovich told reporters Wednesday.

The trains are expected to be supplied over the next two years, he said, adding that the price of one train could amount to between 14 million and 20 million euros.

Federal Passenger Company and Talgo plan to subsequently set up a joint venture to provide maintenance services for these trains, the Russian company's CEO Mikhail Akulov told PRIME-TASS Wednesday.

Federal Passenger Company focuses on long-distance passenger transportation.

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