DECEMBER 21 saw the signing of a formal agreement between Russian Railways, Siemens Transportation Systems and New Transport Technologies setting up a joint venture to build high speed trains for the RZD network (RG 12.04 p812).

RZD President Gennady Fadeyev and NTT President Alexei Lamanov participated in the discussions with Siemens TS President Hans Schabert in Germany. They were joined at the signing ceremony by Russian President Vladimir Putin and German Chancellor Gerhard Schr