Russia: VTB Bank and the Industrial Development Fund will provide soft loans of RUB 3.2 bln and 1.2 bln ($41 mln and 15.4 mln), respectively.
The corresponding agreements were signed at INNOPROM, International Industrial Trade Fair in Ekaterinburg, Russia. The press-service for Sinara – Transport Machines, STM, told to ROLLINGSTOCK that total project investments would reach up to RUB 5 bln ($64 mln).
The project involves Sinara – GRT (STM’s subsidiary for urban transport solutions) renovating a manufacturing campus at the Uralhimmash plant in Ekaterinburg. The low-floor tram production launch is scheduled for 2026, with an annual capacity reaching up to 200 tram cars. Initial deliveries are planned to Rostov-on-Don, Taganrog, Krasnodar, Ekaterinburg and other cities.
The 71-233 tram produced by STM at INNOPROM. Source: Sergey Belov/ROLLINGSTOCK
The first three-car low-floor 71-233 Sinara tram by STM was previously unveiled at INNOPROM, with trial operation starting in Ekaterinburg in August. Development of a single-car low-floor tram is also underway.
