OAO RZD and the Ministry of Roads, Transport, Construction and Urban Development of Mongolia signed a memorandum of the beginning of construction of the railway line Zuunebayan - Dalanzadgad (Tavantolgoy), the report said Railways.
The parties agreed to support the concept of joint Mongolia-Russia project of JSC Mongolian Railways and the construction of new railway infrastructure in Mongolia.
In particular, the document noted the need for early start of the project of construction of the railway line Zuunebayan - Dalanzadgad (Tavantolgoy) for the mining of South Gobi region of Mongolia.
With this in mind, OAO RZD is ready to begin in November 2009 staged financing research and design works and construction of the line Zuunebayan - Dalanzadgad (Tavantolgoy) up to $ 250 million also in connection with the decision to increase the capital of JSC Mongolian Railways on $ 250 million of JSC RZD, according to the memorandum, will help expedite the decision on whether to grant JSC Mongolian Railways' bank loan for $ 145 million on an approved Board of JSC Mongolian Railways urgent measures.
Ministry of Roads, Transport, Construction and Urban Development of Mongolia, for its part, will contribute to bringing to the economic levels of tariffs for domestic freight transportation, the transfer of social assets of JSC Mongolian Railways in the conduct of government and municipal authorities in Mongolia, as well as settlement property issues and issues related to debt AO Mongolian Railways on interstate credit. Ministry of Labor has found a way to influence the salary debtors ...
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