Business news from Ukraine

GENERAL ELECTRIC SOON COULD SUPPLY LOCOMOTIVE FOR TESTING AT UKRAINIAN RAILWAYS – INFRASTRUCTURE MINISTER

13 July , 2016  

KYIV. July 13 (Interfax-Ukraine) – U.S. General Electric Corporation soon could supply own locomotive for its testing at Ukrainian railways, Ukrainian Infrastructure Minister Volodymyr Omelyan has said.

“We are finishing an agreement on the test locomotive. I think that, if not this week, next week we will sign it. Then the locomotive will be shipped to Ukraine and start a six-month test,” the minister told reporters in Kyiv on Monday.

Omelyan added that a memoriam of cooperation with General Electric is being drawn up. It will be similar to the paper signed with Canada’s Bombardier on Monday. Under the document it is planned to create a joint locomotive production facility in Ukraine.

General Electric is a U.S. multi-sector corporation. The company is the ninth in the Forbes Global 2000 list of largest public companies.