GE Transportation, Locorail and Yakutia Railways Sign Memorandum of Understanding to Explore a Strategic Relationship to Modernize Locomotives in Russia
Erie, Penn., USA -– GE Transportation, Locorail and Yakutia Railways in Russiaannounced today that they havesigned aMemorandum of Understanding (MOU) toexplore the possibilityof forming a strategic relationship to modernize diesel electric locomotives. TheMOU createsa framework by which Yakutia Railways,under GE license,will modernize diesel electric locomotives at Yakutia Railways facility in Aldan, Russia utilizing GE FDL engine kits manufactured at GE Transportation facilitiesin Erie and GroveCity, PA.USA.Under the agreement’sframework,GE Transportation will supply a minimum of 20 FDL engine kits per year over five years.
GE Transportationwill work with Locorail and Yakutia Railwaysto provideexpert service training to maintain and overhaul the modernizedFDL engines.GETransportationwill provide support to address specific improvements that include tooling and equipmentat the Yakutia Railways facilityin order to provide maximum availability of GE modernized diesel-electric locomotives in the Locorail and Yakutia Railwayfleet.
Lorenzo Simonelli, President and CEO of GE Transportation, said: “GE Transportation has been partnering with regional locomotive builders to produce the most technologicallyadvanced and fuel efficient locomotivesworldwide. GE along with its local partnershasa long history of modernizing locomotives as well as building new locomotives in Kazakhstan and the CIS region.This agreement will provide the framework to provide Locorail and Yakutia Railway theability to provide reliable locomotive serviceto the regionfor decades. We lookforward to providingGE Transportation’sadvanced locomotive technologyand contributingto the Republic of Sakha’ssustainable infrastructure growth for many years to come.”
GE works to power and movetheCommonwealth of Independent States(CIS)region with GE’smost technologically advanced, fuel efficient, cost effective, and reliable locomotives to-date. Currently there are approximately 600GE locomotives and modernized locomotives in operation in the CIS region. The need for safe, reliably maintained locomotives has become increasingly important. Through the initiatives laid out in the framework of the MOU,Locorail and Yakutia Railways will realize significant improvements in the performance of their locomotive fleets.
About GE Transportation
GE Transportation, a unit of GE (NYSE: GE), solves the world’s toughest transportation challenges.GE Transportation builds equipment that moves the rail, mining and marine industries. Our fuel-efficient and lower-emissions freight and passenger locomotives, diesel engines for rail, marine and stationary power applications, signaling and software solutions, drive systems for mining trucks, and value-added services help customers grow. GE Transportation is headquartered in Erie, Penn., and employs approximately 12,000 employees worldwide.For more information visit www.getransportation.com.