United Wagon Company signs 5,000 freight car deal

Credit: United Wagon Company.
Credit: United Wagon Company.

United Wagon Company (UWC) has signed a deal to supply 5,122 freight cars within a framework strategic partnership with State Transport Leasing Company (STLC), of which the Russian Transport Ministry is the only shareholder.

The vehicles have an enhanced load capacity of 75 to 77 tonnes compared to the standard 70 tonnes for freight cars in Russia.

Vostok 1520 will be the lessee of the freight cars for a term of 15 years.

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UWC’s main rolling stock facility at Tikhvin will supply two types of gondolas to STLC.

Statistics from the Russian Railways Rolling Stock Design Bureau show that the frequency of repairs over a distance of 1 million km travelled is almost six times lower for the new gondolas.

STLC deputy CEO Anton Borisevich said: “We are facing significant demand for up-to-date railway equipment from [rail] sector companies. Demand for modern freight cars is particularly strong.

“The deal with UWC will strengthen the leading positions of our company on the railway leasing market and provide our customers with new rolling stock.”

STLC is the largest leasing company in Russia.