Transmashholding may invest 170 mln euros into Argentina

MOSCOW, Oct 18 (PRIME) -- Russian railway equipment producer Transmashholding may invest 170 million euros in projects in Argentina over the next five years if the company takes part in upgrading passenger and cargo rail transport, a representative of the company told PRIME on Wednesday.

In January, Transmashholding decided to create joint venture TMH-Argentina. In February, a representative of the company told PRIME that it had been working on possible exports of passenger rolling stock to Argentina.

“The figure of 170 million euros was named by top managers of Transmashholding Andrei Bokarev and Kirill Lipa during negotiations with representatives of the Argentinian authorities. The sum includes investment over the five years in case the holding partakes in large scale upgrading of Argentinian railway transport, of the cargo and passenger railway transportation system, and of the Buenos Aires metro system,” the representative said.

The representative also said that Transmashholding owns 70% in TMH-Argentina, and local investor Helios owns the remaining 30%.

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