"Today we are witnessing an historic event," Yakunin said. "This is the result of a colossal amount of work carried out jointly by Russia and Mongolia. We and our Mongolian colleagues have developed the whole transport chain - from creating a modern, powerful locomotive and rebuilding infrastructure to setting competitive tariffs."
RZD has been a shareholder in Ulan Bator Railway since December 2009. RZD says substantial progress has been achieved in modernising the network. In particular, 108km of continuous-welded rail was laid on the Mandal - Davaany line last year to increase the line speed to 120km/h.