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MEDIA-Russian Railways to buy 13 trains from Siemens JV for 1.1 bln euros -- Kommersant

Reuters - UK Focus

* Russian Railways, the state-controlled railways operator, will spend nearly 1.1 billion euros ($1.24 billion) to buy 13 Sapsan high-speed trains, the Kommersant daily reported on Wednesday citing a source familiar with the situation.

* The board of Russian Railways approved the deal on Tuesday, June 4, the paper said

* Russian Railways signed the frame agreement to buy Sapsans with Siemens Mobility and Ural Locomotives, a Russian JV of Siemens and Sinara Group, in 2018

* Russian Railways will pay 513.5 million euros for 13 new ten-carriage trains and 585 million euros on 30-year maintenance -- Source link: https://bit.ly/2Mq2VU6 -- Note: Reuters has not verified this story and does not vouch for its accuracy ($1 = 0.8876 euros) (Reporting by Moscow newsroom, editing by Louise Heavens)