OREANDA-NEWS. November 05, 2008. CJSC Transmashholding and JSC National Company Kazakh Railways (KTZh, the Republic of Kazakhstan) signed a memorandum of cooperation. The document has been signed by Andrey Bokarev, the Transmashholding board chairman, and Askar Mamin, the KTZh president, reported the press-centre of Transmashholding.

The memorandum was signed in attendance of the Russian and Kazakh prime ministers.

Under the memorandum, two new rolling stock building companies are to be established in Kazakhstan. Up to 100 up-to-date passenger coaches are scheduled for annual production at the Alma-Aty Carriage Plant. The JSC Baiterek A is to launch into production main line freight AC locomotives. The enterprise capacity is planned to be 150 locomotive sections a year.

Further cooperation can be extended both through increased production and diversification of joint project portfolio. Besides, the service centers for maintenance of jointly produced machines are considered for creation in Kazakhstan.

The French machine-building company Alstom Transport is planned to be involved in the projects as a strategic partner.

An action plan based on the memorandum will be worked out and approved by the end of 2008.