RZD President Oleg Belozerov and Mongolia’s Minister of Transport Dangan Ganbat have discussed the key issues around the current activities and future development of the Ulaanbaatar Railbus, a rail-based public transit system in the Mongolian capital of Ulaanbaatar.
These are aimed at implementing the programme to create a Russia – Mongolia – China economic corridor and develop Mongolia’s transit potential. This project will require an active trilateral cooperation with China.
“Russian Railways is taking all possible steps to attract additional volumes of freight transit to the Ulaanbaatar Railbus,” said Oleg Belozerov, explaining the importance of joint work in this direction.
At the end of the meeting it was signed a protocol to the general meeting of shareholders of the Ulaanbaatar Railbus which confirmed the results of the Ulaanbaatar Railbus’s production and financial activity in 2015. They also agreed on the distribution of dividends in the Russian and Mongolian national budgets.
Since 2009, RZS has been managing the company’s stake in Ulaanbaatar Railbus and in 2014 it was signed a strategic partnership agreement for the modernisation and development of Ulaanbaatar Railbus. The modernisation of the Ulaanbaatar Railbus will ensure the necessary increase in capacity which is needed to meet the demand for the transport of Mongolian goods, primarily raw materials, and to develop long-term transit traffic between China, Russia and Europe.
The programme to create an economic corridor linking Russia – Mongolia – China was signed in in June 2016. It provides for the implementation of 7 development projects of the railway network in Mongolia, the most important of which is the development of the Central Railway corridor (Ulan-Ude – Naushki – Sükhbaatar – Ulaanbaatar – Dzamyn-Ude – Erenhot), which is considered the main transit route.
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