French are ready to make investments in Russia's railway sector

At a meeting in Moscow Railways Minister of Russia Gennady Fadeyev discussed with general director of the Geismar company of France Claude Geismar a possibility of investments in the railway sector of Russia.

As officials of the Russian Railways Ministry said, an investment climate for stepping up the process of attraction of capital investments has now been created, and the Ministry is prepared to consider any investment proposals.

Geismar is a world leader in the production of machines and mechanisms for construction, repair and maintenance of railway track. Its head declared the company's readiness to make investments in the manufacture of minor mechanisation means, as well as to switch over to turning out products on Russian territory. Geismar noted that the company he heads was ready to invest money in the construction and servicing of contact systems.

For his part, the Railways Minister noted the high technical level of the French company's equipment which has proved its high quality in tough conditions both in Russia and in other countries of the Commonwealth of Independent States and in the Baltic countries.

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