Wabtec could invest $1 bln in Kazakhstan's transport and logistics ...

Westinghouse Air Brake Technologies Corporation (Wabtec) is considering investing around $1 billion in Kazakhstan's transport and logistics sector. Kazakh President Kassym-Jomart Tokayev met with Wabtec's President and CEO, Rafael Santana, in New York to discuss collaboration in revitalizing the nation's railway industry. They discussed initiatives for producing locomotives with hydrogen technology and establishing an engineering center. The investment would support the Trans-Caspian International Transport Route and other infrastructure projects. A strategic cooperation agreement was signed between NC Kazakhstan Temir Zholy and Wabtec. Wabtec is a Fortune 500 company with global transportation and logistics expertise.

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Frequently Asked Questions

Q: How much does Wabtec plan to invest in Kazakhstan's transport and logistics industry?

A: Wabtec plans to invest nearly $1 billion in Kazakhstan's transport and logistics industry. Source

Q: What industry does Wabtec specialize in?

A: Wabtec specializes in various industries such as freight rail, transit, mining, industrial, and marine. Source

Q: When was the plan to invest in Kazakhstan's transport and logistics industry announced?

A: The plan to invest in Kazakhstan's transport and logistics industry was announced recently. Source

Q: Who is the President and CEO of Wabtec?

A: The President and CEO of Wabtec is Rafael Santana. Source