By Max Bernhard 
 

Alstom said Wednesday that it has signed a memorandum of understanding with Ukrainian Railways to cooperate on the provision and maintenance of electric locomotives.

With Ukrainian Railways planning to renovate its fleet of electric locomotives, the operator's total requirements cover almost 500 locomotives over ten years and associated services and maintenance for up to 25 years, Alstom said.

"We see the high potential of the Ukrainian market, and we would be proud to contribute to the modernization of the country's railway infrastructure and its further integration within the broader European railway market," said Alstom Chief Executive Henri Poupart-Lafarge.

 

Write to Max Bernhard at max.bernhard@dowjones.com; @mxbernhard

 

(END) Dow Jones Newswires

September 19, 2018 12:19 ET (16:19 GMT)

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