RZD CEO Mr Vladimir Yakunin says investment in Mongolia's rail network
could reach $US 6.5 billion in the coming years, with $US 2.2 billion
allocated to the modernisation of existing lines, $US 400 million for
rolling stock, and $US 3.9 billion for the construction of the
Dalanzadgad - Zuun-Bayan and Sainshand - Bayan-Tumen lines. The latter
project will link the two unconnected sections of the Mongolian railway
network, providing a second transit route between Russia and China.
UBR is jointly-owned by RZD (50%), Erdenes MGL (25%) and Mongolia Railway (25%).