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Mongolia, Russia and China discuss Eastern Railway Corridor www.montsame.mn

Ulaanbaatar /MONTSAME/ Ulaanbaatar is hosting a consultative meeting between Mongolia, Russia and China themed ‘The Eastern Railway Corridor – Development of the Region and the Mining’ on January 22-23.

The Ministry of Road and Transport Development in cooperation with Mongolian Railway Company is organizing the international meeting with support from the Ministry of Mining and Heavy Industry, Ministry of Food, Agriculture and Light Industry and Ministry of Environment and Tourism.

Minister of Road and Transport Development J.Bat-Erdene delivered opening remarks and said, “ Mongolia can efficiently connect its two neighbors and the route would be the shortest gateway connecting Asia with Europe,” emphasizing the relevance of the Mongolia-Russia-China Economic Corridor Program, which was signed in June, 2016.

The international meeting focuses on Eastern Railway Corridor, one of the 32 projects projected in the Trilateral Economic Corridor Program, and is expected to play an important role in the development of not only Mongolia, but also the Northeast Asian region.

The Eastern Railway Corridor will connect Russia with northern Chinese ports by a 500-750 km shorter route than the Manzhouli- Zabaikalsk corridor, thus creating possibilities of cost-efficient circulation of the Far Eastern region natural resources. It is believed that the Eastern Railway Corridor can play a major role in the achievement of a goal set by Russia and China to increase bilateral trade volume to USD 200 billion by 2020.

Minister J.Bat-Erdene expressed his confidence that the trilateral consultation will help develop practical calculation of freight to be transported through the Eastern Railway Corridor in correspondence with the current state and future trends of mineral resources in Mongolia’s eastern region and volume of transit freight, and intensify trilateral cooperation in this area.
Kh.Aminaa



Published Date:2018-01-23