Ulaanbaatar Railway's capital to increase by $250 million

Today, MP Kh.Battulga, Minister for Roads, Transportation, Construction and Urban Development, and Mr. Levetin, Minister for Transportation of the Russian Federation signed  on the joint protocol of increasing the capital of Ulaanbaatar Railway Mongolia-Russian Joint Cooperative by $250,000,000.

Ulaanbaatar Railway Mongolia-Russian Joint Cooperative owns Railcom, the provider of optic cable owner to Mongolia, International Freight Forwarding Company, one of the biggest freight forwarder in Mongolia thanks to its subsidy from Ulaanbaatar Railway and lack of cargo plane service to Mongolia and many others.

photo courtesy of gogo.mn

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