GE Transportation, Locorail and Yakutia Railways Sign Memorandum of Understanding to Explore a Strategic Relationship to Modernize Locomotives in Russia

Fri Feb 1, 2013 8:59am EST

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http://pdf.reuters.com/htmlnews/8knews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20130201:nBw015366a

* GE Transportation, Locorail and Yakutia Railways explore a strategic
relationship to modernize locomotives for mainline and shunting operations.
* GE Transportation to provide FDL engine kits to Locorail and Yakutia Railways.
* GE Transportation to work with Yakutia Railways in Aldan to provide service
maintenance of modernized locomotives.

ERIE, Pa.--(Business Wire)--
GE Transportation, Locorail and Yakutia Railways in Russia announced today that
they have signed a Memorandum of Understanding (MOU) to explore the possibility
of forming a strategic relationship to modernize diesel electric locomotives.
The MOU creates a framework by which Yakutia Railways, under GE license, will
modernize diesel electric locomotives at Yakutia Railways facility in Aldan,
Russia utilizing GE FDL engine kits manufactured at GE Transportation facilities
in Erie and Grove City, PA. USA. Under the agreement`s framework, GE
Transportation will supply a minimum of 20 FDL engine kits per year over five
years. 

GE Transportation will work with Locorail and Yakutia Railways to provide expert
service training to maintain and overhaul the modernized FDL engines. GE
Transportation will provide support to address specific improvements that
include tooling and equipment at the Yakutia Railways facility in order to
provide maximum availability of GE modernized diesel-electric locomotives in the
Locorail and Yakutia Railway fleet. 

Lorenzo Simonelli, President and CEO of GE Transportation, said: "GE
Transportation has been partnering with regional locomotive builders to produce
the most technologically advanced and fuel efficient locomotives worldwide. GE
along with its local partners has a long history of modernizing locomotives as
well as building new locomotives in Kazakhstan and the CIS region. This
agreement will provide the framework to provide Locorail and Yakutia Railway the
ability to provide reliable locomotive service to the region for decades. We
look forward to providing GE Transportation`s advanced locomotive technology and
contributing to the Republic of Sakha`ssustainable infrastructure growth for
many years to come." 

GE works to power and move the Commonwealth of Independent States (CIS) region
with GE`s most technologically advanced, fuel efficient, cost effective, and
reliable locomotives to-date. Currently there are approximately 600GE
locomotives and modernized locomotives in operation in the CIS region. The need
for safe, reliably maintained locomotives has become increasingly important.
Through the initiatives laid out in the framework of the MOU, Locorail and
Yakutia Railways will realize significant improvements in the performance of
their locomotive fleets. 

About GE Transportation

GE Transportation, a unit of GE (NYSE: GE), solves the world`s toughest
transportation challenges. GE Transportation builds equipment that moves the
rail, mining and marine industries. Our fuel-efficient and lower-emissions
freight and passenger locomotives, diesel engines for rail, marine and
stationary power applications, signaling and software solutions, drive systems
for mining trucks, and value-added services help customers grow. GE
Transportation is headquartered in Erie, Penn., and employs approximately 12,000
employees worldwide. For more information visit www.getransportation.com.

GE Transportation
Michael Ricci, +1-814-875-4104 (office)
michael.ricci@ge.com
or
GE RUCIS
Elena Ushakova, Press-secretary, +7 495 739 69 19
elena.ushakova@ge.com



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