Vossloh: subsidiary set up in Turkey
Close business ties for years now /developing public-private partnerships
Vossloh AG, one of Europe's foremost transport technology groups, has established a subsidiary in Istanbul by the name of Vossloh Rail Technologies Ltd. In the presence of Turkish Prime Minister Recep Tayyip Erdogan and German Chancellor Gerhard Schröder, Vossloh AG CEO Burkhard Schuchmann referred to the longstanding close ties between his group and Turkey where, for instance, the Istanbul and Ankara metros run on tracks built with fasteners and switches from Vossloh.
With its broad range of innovative products and services Vossloh is, he went on, well poised to write successive chapters in this joint success story. "As European leader in the market for diesel locomotives we are in a good position to address and solve to customer satisfaction the complex challenges due to the special nature of the Turkish rail routes. Additionally we supply forward-pointing solutions for rail infrastructure. And in the large cities of this country our clean trams and electrically powered vehicles are an eco-friendly and economically viable alternative to today's systems," emphasized Schuchmann.
Vossloh is presently assisting the Turkish rail TCDD along its privatization path. Together with Turkish and other European parties, Vossloh is drafting inviting business setup options for various infrastructure plants of the TCDD.
According to Schuchmann, Vossloh is the first company of this size to be working on attractive public-private partnership proposals for the rail sector. "Together with our partners, we intend to submit completely new systems, from the drawing broad via funding, construction to operation-all in a single package. Adopting this approach, the Company is also able to propose solutions for major projects in Turkey including sections of the high-speed line Ankara-Istanbul, newly built and extended tram and metro systems, and setting up and expanding electrical systems for Turkey's local and metropolitan lines.
Istanbul, February 24, 2004
For more information contact Christiane Konrad, Vossloh AG,
phone (+49-2392) 52-249