Will Establish “Mongolian Railway” Joint Company
Government has decided to aid certain amount of capital to “Ulaanbaatar railway” in order to renew its equipments.
Therefore Government meeting solved that it’s worth to establish “Mongolian Railway” JSC which will own the locomotives bought by state budget. According to the government order, it charged to Finance minister Ch.Ulaan, and Road, Transportation and Tourism minister R.Rash that “Mongolian Railway” joint stock company will buy three locomotives and 150 coaches for purposes of equipment renewing of “Ulaanbaatar Railway” by the budget of ” Mongolian development fund” and will rent to “Ulaanbaatar railway” joint stock company.
The “Mongolian Railway” company will be 100 per cent state property, and founder and owner will be the Mongolian government.
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