俄罗斯国有铁路公司在蒙古建立合资企业, 俄罗斯国有铁路公司
Release Date: 2009-05-13
The founding documents of a joint venture (JV) to develop railway infrastructure in Mongolia were signed in Ulan-Bator today in the presence of the Russian and Mongolian Prime Ministers Vladimir Putin and Sanjaagiin Bayar.The document was signed on behalf of Russian Railways (RZD) by the company’s CEO Vladimir Yakunin, and by B.Enebish, Executive Director of Erdenes MGL, and A.Batbold, Executive Director of Mongolian Railways, representing the Mongolian party.
A limited liability company under the name "Infrastructure Development" is to be set up in Mongolia. Its founders will be Russian Railways (with a 50% share), state-owned Mongolian Railways (25%) and Erdenes MGL (25%). The JV will have an initial charter capital of 2.526 billion tugriks (around $1.8 million).
"The creation of the JV is Phase 1 of a project by the two countries to jointly develop the Ulan Bator Railway and build new rail infrastructure in Mongolia. The project will involve upgrading the existing network, expanding its throughout capacities, replacing the rolling stock, and laying new railway lines to promising mineral deposits," announced Yakunin.
According to Yakunin, the newly created Infrastructure Development company will produce a development framework for Mongolia’s railway system, including a feasibility evaluation of the investment required and a repayment mechanism. The investment in the railway infrastructure will be recouped via income from additional freight shipments and participation by the new JV in promising mining projects.
The creation of the JV has been endorsed by RZD’s Board of Directors and the Russian-Mongolian Inter-Governmental Commission on Trade-Economic and Scientific-Technical Cooperation, and has the support of both countries’ governments.
Yakunin also announced that as part of RZD’s cooperation agreement with UBR (signed on 19 March 2009) RZD Trading House has already exported 1000 open box cars of freight worth around $7 mln to Mongolia.
| Type: | NORMAL |
| Company: | 俄罗斯国有铁路公司 |
| Country: | 俄罗斯 |