Samsung Electronics today announced that it has signed an MOU with Russian Railways for collaboration on the Trans-Siberian Railway (TSR) Project in Moscow.
Samsung and Russian Railways agreed to switch from marine transportation to TSR when transporting materials and end products from Korea or China to Eastern Europe.
Using TSR will allow Samsung to utilize the routes to production and sales.
Russian Railways (RZD) has signed a memorandum of understanding (MoU) with Ural Locomotives, a joint venture between Siemens and Sinara, for the supply of 350 four-axle electric locomotives.
Henri Poupart-Lafarge, President of Alstom Transport, and Sergey Pavlov, General Director of Russian Railways signed a MoU to conduct railway projects on the international market using their joint expertise.
Egypt's Ministry of Transportation has signed a memorandum of understanding (MoU) with the Chinese Government, along with Aviation Industry Corporation of China, for the development of a new $800m railway project.
Russian Railways has signed a memorandum of understanding (MoU) with the Indonesian Government to build a railway line in the East Kalimantan province at a cost of around $2.4bn.