General Electric and Kazakh state railway company, Temir Zholy, will finish construction of a $125 million plant by mid-2009 to produce Evolution Series models this year, and invest more than $600 million in production equipment, the Kazakh firm said. The plant will help Kazakhstan, a rapidly growing oil economy and a country that is the size of Western Europe, upgrade its Soviet-era railway vehicles as it aspires to become a major transportation hub linking Asia and Europe. (The Economic Times)
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