St. Petersburg International Economic Forum

On May 24, during the St. Petersburg International Economic Forum in the presence of the Governor of the Tula region Alexey Dyumin and the chairman of the board of the Eurasian Development Bank (EDB) Andrei Belyaninov, an agreement was signed between the regional government, JSC Tulazhedormash and EDB on cooperation in the implementation of the investment project.

Within the framework of the agreement, it is planned to create in the region a research and production complex in the field of railway engineering. The enterprise of the PTK Group is developing innovative products of domestic engineering, in particular, a universal track complex for the formation of the upper structure of the railway tracks. The implementation of the track complex will significantly upgrade the technology of repair, reduce the cost of its implementation, as well as improve the efficiency of the railway infrastructure

"The products produced by the company in the framework of this investment project will be in demand first of all by the JSC Russian Railways. But it also has a significant export potential. The government of the region is ready to provide JSC "Tulazheldormash" with comprehensive support in the implementation of the project, said Alexey Dyumin.

The total investment in the project is 1.4 billion rubles. At least 60 new highly qualified jobs will be created.
The implementation of such large-scale projects became possible only thanks to the measures of state support implemented in the region by the government of the Tula region, as well as through the assistance of the EDB. We intend to invest in the development of innovative products of domestic track machinery, as well as in the development of production capacities, said Alexander Silkin, Chairman of the Board of Directors of JSC Tulazheldormash.