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Ulaanbaatar Railways to become part of the Russia-Mongolia-China economic corridor www.news.mn
Oleg Belozerov, head of Russian Railways informed the President of Mongolia about the plans to develop the infrastructure of Ulaanbaatar Railways in order to handle the growing transportation volumes. The major track overhaul planned in 2018 in particular will be double that of last year, while the modernisation of the transportation management system will be completed. As a result, the railway’s carrying capacity will be increased by 20%.
Transit shipments of containers through Mongolia increased 2.7 times and labour productivity was up 20%.
Oleg Belozerov discussed issues affecting the development of cooperation between Russia and Mongolia in the railway sector during visit in Ulaanbaatar earlier this month. Speaking about the infrastructure component, Oleg Belozerov said that the Central Railway Corridor between Ulan-Ude – Naushki – Sukhe-Bator – Ulan-Bator – Dzamyn-Uud – Erlan was a priority in implementing the programme to create the Russia – Mongolia – China economic corridor.
JSC Ulaanbaatar Railways plays a key role in providing Mongolia’s transportation links. Rail transport accounts for over 60% of the country’s freight traffic. The company was established on 6 June 1949 on the basis of an agreement between the governments of the USSR and the Mongolian People’s Republic. Each side had an equal holding of shares in the joint-stock company's authorised capital.
Published Date:2018-02-22
