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GE, Ukrzaliznytsia sign $1-bln locomotives modernization deal
Journal Staff Report

KYIV, Feb 23 - GE Transportation and state railroad company Ukrzaliznytsia signed a 15-year framework agreement worth about $1 billion on partnership in the renewal and modernization of locomotives.

"Its first stage envisages the delivery in the end of 2018 and the first quarter of 2019 of 30 GE TE33A cargo diesel locomotives with a localization level of 10% at the end of the warranty period (three years) and 7% at the time of accepting," reads a press release of Ukrzaliznytsia.




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