18 June 2015 y.
St. Petersburg Government and Transmashholding intend to jointly modernize the city transport infrastructure
During the St. Petersburg International Economic Forum St. Petersburg Governor Georgy Poltavchenko and Transmashholding President Andrey Bokarev signed a cooperation agreement on improvement of northern capital’s infrastructure The ceremony was also attended by Transmashholding CEO Kirill Lipa.
The document signed is aimed to become a basis for relations between the City of St. Petersburg and the Holding Company and to define starting points of a long term joint work.
Parties have taken a decision on establishing a joint working group. It is expected to open a permanent Company’s representative office in St. Petersburg.
Under the Agreement Holding Company representatives will be engaged in activities of the Transport System Development Coordination Council of St. Petersburg and the Leningrad Region and Investment Board of St. Petersburg Governor.
Implementing projects connected with modernization of the city transport infrastructure, Transmashholding demonstrates its intention to fully utilize the potential of its St. Petersburg production divisions. The Company announced its willingness to increase scope of services related to maintenance of the rolling stock operated by the mass-transportation system.
Two plants of the Transmashholding Group are located in St. Petersburg. These are Oktyabrsky Electric Railway Car Repair Plant specializing in production and maintenance of Metro carriages, overhaul and modernization of EMUs, diesel trains and tramways and Production Company KMT manufacturing rolling stock components.
Over the last few years the cooperation between St. Petersburg Administration and Transmashholding considerably strengthened. Company sites built new Metro trains for the City and implemented tramway overhaul maintenance.