Standing committee discusses rail transportation issues
The Standing Committee on Economics discussed railroad transportation issues on Thursday.
Members received an update on the Ulaanbaatar Railway, a joint Mongolia-Russia venture with an annual capacity to transport 21 million tons of freight. In 2011 it is projected to carry 19.5 million tons.
According to an intergovernmental agreement, the Ulaanbaatar Railway’s equity fund is to be increased by USD 250 million. Russia has allocated USD 125 million from its 2011 budget, and Mongolia will allocate USD 125 million from its 2012 budget. But Ulaanbaatar Railway must carry more freight before for it to become profitable.
MPs suggested that infrastructure be improved to increase the railway’s capacity. Suggestions included repairing aging tracks, increasing the speed of trains, and updating the technology on trains.
Members received an update on the Ulaanbaatar Railway, a joint Mongolia-Russia venture with an annual capacity to transport 21 million tons of freight. In 2011 it is projected to carry 19.5 million tons.
According to an intergovernmental agreement, the Ulaanbaatar Railway’s equity fund is to be increased by USD 250 million. Russia has allocated USD 125 million from its 2011 budget, and Mongolia will allocate USD 125 million from its 2012 budget. But Ulaanbaatar Railway must carry more freight before for it to become profitable.
MPs suggested that infrastructure be improved to increase the railway’s capacity. Suggestions included repairing aging tracks, increasing the speed of trains, and updating the technology on trains.
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