A joint venture to produce Desiro electric trains between Siemens and a subsidiary of Russian Railways will be set up in January-February 2011, the German giant said in a statement on Thursday.
"The document states concrete plans and steps for the establishment of a joint venture with Siemens and Aeroexpress for the participation and localization of Desiro Rus series electric trains production that should be worked out before the start of fall 2010," the company said in a statement.
