Russians agree investment in Mongolian railway
2010-06-10 12:32:23.411 GMT
Text of report in English by Mongolian news agency Montsame website
[By B. Huder] Ulaanbaatar: The ambassador extraordinary and plenipotentiary of Mongolia to the Russian Federation, D. Idevhten, met Wednesday [9 June] V.I. Yakunin, president of the Russian Railways open stock venture (OSV).
The ambassador mentioned that the Ulaanbaatar Railways (UR) joint stock venture has significantly contributed to Mongolia's socio-economic development and underlined that widening of the Mongolian
economics demands to expand the railway network and to reform technologies of the Mongolian railways.
"Our countries issued a declaration on development of strategic partnership during the state visit of the Russian president to Mongolia last year. The collaboration in the railway sector must be developed in the spirit of this document," Idevhten said and expressed a hope that the Russian Railways OSV will contribute to the railway
cooperation between the countries. Then he asked Yakunin about a matter on increasing size of the authorized capital of the Ulaanbaatar Railways.
Mr Yakunin said the Russian Railways has a willingness to renovate techniques [i.e. equipment] and technologies of the Ulaanbaatar Railways and to improve its capacity of the transit.
"The sides decided to augment the authorized capital of the UR by 125m US dollars each, thus increasing by 250m dollars. The Russian side will give Mongolian side these 125m dollars [in the] form of a soft loan. A financing resource for this has been found, but a final decision has not been made yet," he said.
Yakunin emphasized that it the railway cooperation it is important to be independent from politics and to adhere to mutually- beneficial principle.
Present at the meeting were B. Erdenebileg, adviser to the ambassador on trade and economics; B. Chimedtseren, first secretary of Mongolia's embassy in Russia; J. Bayarhuu, second secretary; G.P. Petrakov, head of Transportation Agency of the Russia Railways; V. Morozov and A. A. Gorgiladze, vice-presidents of the Russian Railways OSV; and A.Konovalov, head of the OSV's international cooperation department.
Originally published by Montsame website, Ulaanbaatar, in English 10 Jun 10.
(c) 2010 BBC Monitoring Asia Pacific. Provided by ProQuest LLC. All
rights Reserved.
SubDES: YBX21853
SubId: YBX21853
-0- Jun/10/2010 12:32 GMT
Text of report in English by Mongolian news agency Montsame website
[By B. Huder] Ulaanbaatar: The ambassador extraordinary and plenipotentiary of Mongolia to the Russian Federation, D. Idevhten, met Wednesday [9 June] V.I. Yakunin, president of the Russian Railways open stock venture (OSV).
The ambassador mentioned that the Ulaanbaatar Railways (UR) joint stock venture has significantly contributed to Mongolia's socio-economic development and underlined that widening of the Mongolian
economics demands to expand the railway network and to reform technologies of the Mongolian railways.
"Our countries issued a declaration on development of strategic partnership during the state visit of the Russian president to Mongolia last year. The collaboration in the railway sector must be developed in the spirit of this document," Idevhten said and expressed a hope that the Russian Railways OSV will contribute to the railway
cooperation between the countries. Then he asked Yakunin about a matter on increasing size of the authorized capital of the Ulaanbaatar Railways.
Mr Yakunin said the Russian Railways has a willingness to renovate techniques [i.e. equipment] and technologies of the Ulaanbaatar Railways and to improve its capacity of the transit.
"The sides decided to augment the authorized capital of the UR by 125m US dollars each, thus increasing by 250m dollars. The Russian side will give Mongolian side these 125m dollars [in the] form of a soft loan. A financing resource for this has been found, but a final decision has not been made yet," he said.
Yakunin emphasized that it the railway cooperation it is important to be independent from politics and to adhere to mutually- beneficial principle.
Present at the meeting were B. Erdenebileg, adviser to the ambassador on trade and economics; B. Chimedtseren, first secretary of Mongolia's embassy in Russia; J. Bayarhuu, second secretary; G.P. Petrakov, head of Transportation Agency of the Russia Railways; V. Morozov and A. A. Gorgiladze, vice-presidents of the Russian Railways OSV; and A.Konovalov, head of the OSV's international cooperation department.
Originally published by Montsame website, Ulaanbaatar, in English 10 Jun 10.
(c) 2010 BBC Monitoring Asia Pacific. Provided by ProQuest LLC. All
rights Reserved.
SubDES: YBX21853
SubId: YBX21853
-0- Jun/10/2010 12:32 GMT
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