Chinese company CRRC and the Kazakhstani Sovereign Wealth Fund “Samruk-Kazyna” have signed a cooperation agreement aimed at strengthening their relationship and exploring new investment opportunities, this is reported by the railway transport news portal Railway Supply.

Agreement for the supply of up to 200 mainline and shunting locomotives

Both parties expressed interest in deepening the localization of locomotive production, noting that through Kazakhstan, CRRC can gain access to the markets of the Eurasian Economic Union and Europe.

Accommodation Booking for InnoTrans 2024 – Recommendations from RWS

A significant step in this direction was the signing of a preliminary agreement by the national carrier “Kazakhstan Temir Zholy” with CRRC for the supply of up to 200 mainline and shunting locomotives totaling $1.3 billion.

It was also previously reported about plans to establish a joint locomotive assembly plant with the carrier SilkwayTransit.

In addition to the already announced plans to acquire locomotives, Kazakhstan’s Minister of Transport, Marat Karabayev, announced the country’s intention to purchase 3,000 freight and 100 passenger cars totaling 184 billion tenge ($406.4 million) from the Single Accumulative Pension Fund.

This agreement not only contributes to the modernization of Kazakhstan’s railway infrastructure but also opens up prospects for the development of domestic industry and strengthens Kazakhstan’s position as a transport hub at the intersection of key transport routes.

Photo: Nikolay Bazhanov/railgallery

Rail business, industry, and railway technology news from Railway Supply that you might have missed:

Renfe is purchasing carriages from Tatravagónka

Find the latest news of the railway industry in Eastern Europe, the former Soviet Union and the rest of the world on our page on Facebook, Twitter, LinkedIn, read Railway Supply magazine online.

Place your ads on webportal and in Railway Supply magazine. Detailed information is in Railway Supply media kit