Station naming deals announced
Runaway Rail Car Kicked Loose by Teen Hits New York Station
Škoda unveils its second tram for the Chinese market
Wabtec to buy Faiveley Transport for US$1·8bn
Constantine tram extension contract
Channel Tunnel: '2,000 migrants' tried to enter
Ottawa urban rail gets federal funding
UK and Italian operators order Vossloh locomotives
First Great Western and Eversholt sign Hitachi AT300 train contract
Tanzania, Rwanda and Burundi invite interest in DIKKM railway
Stadler Rail confirmed on May 26 that its contract to supply Kiss electric multiple-units to Aeroexpress had now been revised to reflect the financial difficulties which the Russian airport shuttle operator has faced as result of the fall in oil and gas prices, the imposition of international sanctions on Russia and the subsequent decline in the value of the rouble.
The contract signed in February 2013 had covered eight six-car and 16 four-car double-deck 1 520 mm gauge EMUs, but this became unaffordable. Stadler, Swiss Export Risk Insurance and the banks financing the deal have now reached an agreement to reduce the number of trainsets to be delivered to Aeroexpress, provide a grace period and extend the repayment period. The new financing plan is guaranteed by Swiss Export Risk Insurance and Gazprombank.
Aeroexpress has so far taken delivery of two EMUs, and under the revised contract will now take a total of nine six-car and two four-car units. These are expected to be in service in time to operate services to Moscow’s Domodedovo and Vnukovo airports during the FIFA World Cup to be held in June and July 2018.
In May 2015 Stadler sold five four-car EMUs from Aeroexpress’s original order to Azerbaijan Railways. In April 2016 a deal was finalised to sell a further four four-car EMUs from the Aeroexpress order to Georgian Railway. On May 26 Stadler said it hoped that Aeroexpress would also put the four remaining EMUs from the original order into service to increase capacity during the FIFA World Cup.
Aeroexpress Executive Director Alexey Krivoruchko thanked Stadler Rail owner & CEO Peter Spuhler for his willingness to renegotiate the contract, saying the supplier had reacted flexibly to Aeroexpress’ situation and supported them as a partner.
This article first appeared on www.railwaygazette.com
About this website
Railpage version 3.10.0.0037
All logos and trademarks in this site are property of their respective owner. The comments are property of their posters, all the rest is © 2003-2020 Interactive Omnimedia Pty Ltd.
You can syndicate our news using one of the RSS feeds.