Kazakhstan Temir Zholy (KTZ), national railway company and Westinghouse Air Brake Technologies Corporation (Wabtec) signed a framework agreement on strategic cooperation
during president Kassym-Jomart Tokayev’s visit to New York, the site of Kazakhstan’s president announced .
The prospects of cooperation with Wabtec in the framework of the reconstruction of the railway industry in Kazakhstan were discussed at the meeting.
Wabtec President and CEO Rafael Santana revealed the company’s plans to invest nearly $1 billion in Kazakhstan’s transport and logistics industry, mentioning ongoing projects designed to launch locomotive production using hydrogen technologies and their components.
In addition to the prospects of cooperation in reconstructing Kazakhstan’s railway industry, Santana spoke about establishing an engineering center and fostering technology transfer. informed the head of state about the investment projects underway to launch in Kazakhstan the production of locomotives using hydrogen technologies and their components, the creation of an engineering center and technology transfer.
Kassym-Jomart Tokayev welcomed the company’s plans to invest about $1 billion in the transport and logistics industry, noting that this will contribute to the development of the Trans-Caspian International Transport Route and will become the basis for other infrastructure projects.
Photo of Wabtec
Press release https://is.gd/6xzF5S
