14:13 26.10.2015

Siemens interested in entering Ukrainian locomotive, tram production market

2 min read
Siemens interested in entering Ukrainian locomotive, tram production market

Siemens is interested in entering the Ukrainian locomotive and tram production market, Ukrainian Infrastructure Minister Andriy Pyvovarsky said after the Ukrainian-German business forum in Berlin.

"We will continue talks on the format of this cooperation at the level of top managers and experts," he wrote on his Facebook page.

The minister also said that at a meeting in the Transport Ministry of Germany an agreement on joint operations in the railway and road construction sectors, coordination of efforts on the Silk Road initiative, and the further exchange of experience had been reached.

"State Secretary at the Federal Ministry of Transport, Building and Urban Development Rainer Bomba will again come to Ukraine in December. We will exchange with experts again: our [experts] will go to them and German [experts] – to us. We're working on the joint action plan and clear KPIs from this cooperation," he wrote.

The minister also held a meeting in the Federal Ministry of Economic Affairs and Energy of Germany.

"We discussed the credit from KfW to restore Donbas' infrastructure. Germany is ready to consider the possibility of increasing its aid to Ukraine," he said.

Earlier, Director of the Integrated Transport System Department at Siemens Ukraine Dmytro Chernenky said that Siemens is not currently interested in creating a joint venture (JV) to manufacture locomotives in Ukraine as the company is only interested in spare parts supplies.

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