Astana, The Gulf Observer: Kazakhstan’s President received the President and CEO of Wabtec Rafael Santana, according to the media reports.
At the meeting, the prospects for cooperation with Wabtec as part of the reconstruction of the railway industry in Kazakhstan were discussed.
Rafael Santana informed the Head of State about the investment projects being developed to launch the production of locomotives using hydrogen technologies and their components in Kazakhstan, the creation of an engineering center and technology transfer.
Kassym-Jomart Tokayev welcomed the company’s plans to invest about $1 billion in the transport and logistics industry, noting that this will contribute to the development of the Trans-Caspian International Transport Route and will become the basis for other infrastructure projects.
As part of the President’s visit to the United States, a framework agreement on strategic cooperation was signed between the joint stock company NC Kazakhstan Temir Zholy and Wabtec.
Wabtec (Westinghouse Air Brake Technologies Corporation) is a Fortune 500 company and one of the world’s leaders in transportation and logistics.
The company employs over 27,000 employees in more than 50 countries.