Railway Gazette: RZD takes stake in Ulaanbaatar Railway

Russian Railways took control of 50% of the shares of Ulaanbaatar Railway (UBTZ) on August 25, when President Dmitry Medvedev signed a decree transferring the Russian government’s stake in UBTZ for five years. This follows a May 13 agreement that the Mongolian rail network will be managed by Infrastructure Development, a newly-formed company owned jointly by RZD (50%) state mineral company Erdenes MGL (25%), and the former Mongolian national railway (25%). To read the full article, click hereRZD takes stake in Ulaanbaatar Railway

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