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Alstom acquires KTZ's 25% stake in the EKZ JV

By Niranjan Mudholkar,

Added 25 December 2017

Becomes majority shareholder in the Kazakh locomotive joint venture

This acquisition reaffirms Alstom commitment to modernizing Kazakhstan railway and follows the signature of a MoU last week in Astana by Henri Poupart-Lafarge, Alstom Chairman and CEO and Kanat Alpysbayev, President of KTZ, for Alstom other local JV KEP[1] for the modernization of the signalling in 25 railway stations around the country.

Kazakhstan is an important hub linking Europe, Middle East, Asia and Russia through the new Silk Way. With almost 20,000 km of tracks, the Kazakh railway network is the world's third biggest using the 1,520 mm track gauge. Besides wide and winterized rolling stock able to run in temperatures reaching -50°C, this market is characterized by very specific technical standards which require adapted engineering solutions.

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