Capital of “Ulaanbaatar Railway” is under review

Mar 18 • Companies, Infrastructure • 758 Views • No Comments on Capital of “Ulaanbaatar Railway” is under review

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The Russian delegates of “Ulaanbaatar Railway” Joint Cooperative have arrived in Ulaanbaatar to attend the general committee meeting. The meeting will focus on possible increase of capital. Parties agreed upon increasing its capital up to $250 million, but no progress is made so far. Parties consider this meeting as important. 11 main issues will be discussed during the meeting such as production activities of 2010, financial situation of the Joint Cooperative.

The general committee consists of six members, three Mongolians and three Russians.

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