Mechel Announces Financial Lease Contract for Mainline Diesel Locomotives

Mechel OAO MTL announces the signing of a three-party contract between Mecheltrans Vostok OOO, Sinara-Transport Machines OAO, and VTB Leasing OAO for development, production and delivery of TEM-8 type locomotives. The contract stipulates that in 2012-2014 Lyudinovsky Diesel-Locomotive Building Works (part of Sinara-Transport Machines OAO) will deliver 18 single-sectional eight-axle TEM-8 locomotives to Mecheltrans Vostok OOO. The new mainline single-sectional TEM-8 locomotive will be developed on the basis of the servicing of the TEM-7A electric-transmission switcher locomotive and equipped with the 2,206-KW power installation produced by GE Transportation Parts LLC (USA).