Tag Archives: Ulaanbaatar Railway

Trans-Mongolian Railway to Boost Cargo Volume

Apr. 10 – The Ulaanbaatar Railway Mongolia-Russia joint venture (UBTZ) transported a record 18.4 million tons of cargo and gained net profits amounting to more than 4.4 billion tugrik last year, according to the company statement which was announced during a regular meeting of the board of directors. Freight traffic has grown by 10 percent, while the volume of passengers has grown by 9 percent to 3,829,000 in 2011, compared with 2010. The majority of passengers (3,662,600) were carried domestically, and 166,400 passengers internationally. Freight turnover for the Ulaanbaatar Railway, or the Trans-Mongolian Railway, stood at 11,382,000 tons in 2011.

Posted in Business, Foreign Trade, Mining, Shipping & Logistics | Tagged , , , , | Leave a comment