Home / Uncategorized / UralVagonZavod (UVZ) plans to build rolling stock plant in Azerbajan

UralVagonZavod (UVZ) plans to build rolling stock plant in Azerbajan

Talks are underway with UralVagonZavod, spokesman for Azerbaijan Railways Nadir Azmammadov told APA-Economics.

Azmammadov said one of the proposals made during the talks was connected with launching the enterprise in 2015.

The Russian company plans to construct a rolling stock  plant in Azerbaijan with a capacity of 2000 wagons s a year.

UralVagonZavod wants 50% share in the project, in this case investments by both sides are estimated at EUR 20-30 million euros.

Russian experts consider that the opening of the plan will be favorable for Baku-Tbilisi-Kars railway.

“Azerbaijan’s rail car park is old, 1500 rail cars need updating every year. It is planned to export the products of the joint venture to Georgia and Turkey,” he said.

Currently, it is planned to build a new  rolling stock plant in Ganja. The project is in the stage of preparation, its realization can be started in the coming months. Talks are underway with Stadler company of Switzerland to build the plant.

Source*apa.az

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