9 October 2017 y.

Transmashholding (TMH), Russia's largest manufacturer of railway rolling stock, informed President Mauricio Macri about investments in Argentina

Transmashholding, Russia's largest railway rolling stock producer, announced an investment plan worth 170 mln euros in the Argentinian economy, aimed at modernizing and reconstructing railway depots for servicing, modernization and production of modern locomotives and railway cars for passenger and freight traffic. In addition, the company will engage in professional training of railway operators and transport engineers. 

Transmashholding announced an investment plan for the global railway revival program announced by the government of the Argentine Republic. 

The main shareholder of TMH, the Russian businessman Andrei Bokarev, together with the General Director of Transmashholding Russia Kirill Lipa and the President of Transmashholding International (Switzerland) Hans Schabert met with the President of Argentina Mauricio Macri and the Minister of Transport Guillermo Dietrich on October 2nd and presented a detailed investment plan. 

"We came to Argentina for three reasons: the country's economy is recovering, there are promising projects for investments, and the Argentine railway industry requires major modernization, so there are huge opportunities for growth," Russian TMH officials said.

"The company will participate in the nearest tenders in the railway sector, not only as an importer of rolling stock, but also as a company interested in manufacturing, assembling and servicing modern car-repair depots in the Argentine Republic. 

"Our proposal is comprehensive, we are moving forward with regard to national and international alliances, conducting full integration with local products, thereby developing Argentine suppliers and national production."

"In our future investment plan we expect to find solutions to the challenges of the cargo transportation network, for example Belgrano Cargas or solutions for private operators, as well as we consider other initiatives, including the fuel train from Vaca Muerta."