July 13, 2010 / 3:21 PM / 9 years ago

UPDATE 1-Siemens to deliver 240 new trains to Russia

* German group receives order from Russian railways

* To provide 240 trains over the next 10 years

(Adds company comment, detail)

MUNICH/MOSCOW, July 13 (Reuters) - Germany’s Siemens (SIEGn.DE) will deliver 240 new regional trains to Russia over the next decade, strengthening its ties with the rail-dominated country.

A spokesman for Siemens, Europe’s biggest engineering company, said on Tuesday it had signed the deal with state-controlled Russian Railways, its second such deal in as many months.

Russian Railways agreed to buy 221 trains for 42 billion roubles ($1.4 billion) in May from Siemens and joint venture partner Sinara Group. [ID:nLDE64Q2J7]

The Siemens spokesman declined to comment on the value of the new deal.

Russia’s railway network is the second longest in the world behind the United States and is the chief form of infrastructure used to transport the country’s vast resources of oil and metals. (Reporting by Jens Hack in Munich; Writing by John Bowker in Moscow; Editing by David Holmes) ($1=.7939 Euro) ($1=30.75 Rouble)

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