Spain’s Talgo awarded €482-million contract in Kazakhstan


Talgo will supply Kazakhstan public railway operator, PP (Passazhirskie Perevozki), a branch of railway administration KTZ, with 603 passenger cars or 21 trains for long-distance services all over the territory of the Republic of Kazakhstan.

PP and joint venture Tulpar-Talgo have signed deal worth 482 millions of Euros. Earlier in 2012, Talgo already signed an agreement for providing maintenance services to Kazakhstan’s new fleet of train cars for the next 15 years (amounting to €1 billion). Talgo said in a press release this contract !boosts thus our position on Asian markets, operating in one of the countries with a higher growth potential in the last few years.”

The manufacture of the cars is to be shared between Spain (Talgo’s locations at Rivabellosa –Alava, and Las Matas – Madrid) and Kazakhstan, with a gradual activity transfer to their site in Astana.

“State-of-the-art wide-body railcars supplied by Talgo will reach 200km/h. and have been specially designed for extreme climatic conditions (-50ºC), apart from meeting other specific requirements by Kazakhstan,” the Spanish company explained. “Likewise, they are compliant with the latest standard requirements being developed for Customs Union of Belarus, Kazakhstan and Russia. The exclusive and innovative Talgo technology has increased both speed and quality in service in Kazakhstan, reducing considerably the travel times, without requiring any infrastructure investment.”

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The Corner
The Corner has a team of on-the-ground reporters in capital cities ranging from New York to Beijing. Their stories are edited by the teams at the Spanish magazine Consejeros (for members of companies’ boards of directors) and at the stock market news site Consenso Del Mercado (market consensus). They have worked in economics and communication for over 25 years.

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