Mongolia Business and Mongolian Daily Business News

Mr. Bernard Kraft, the representative of the German National Railway company “Deutsche Bann”, and German Ambassador Pius Fischer met with Mr. Kh.Battulga, the Minister for Roads, Transportation, Construction and Urban Development.
Deutsche Bann is planning to start its railway transportation operation between China and Europe from April 1st 2009. It discussed about it with Minister Kh.Battulga and agreed on cooperation. Minister said about the Mongolian intention of making income from the transport between China and Europe and made request from Mr. Bernard Kraft about the possibilities of having investment and loan in strengthening the Mongolian railway. The company replied the possibilities of financial funding if both sides agreed upon cooperation type and condition.
Also the Minister met with US Ambassador Mark Minton and exchanged point of views on the multilateral cooperation and immediate investment of the Millennium Challenge Corporation in the railway sector.

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