The establishment of AIIB and its implications to infrastructure projects in Mongolia, October 2014

On 3 September in Ulaanbaatar, an agreement was signed between Russian Railways and the Ministry of Roads and Transport of Mongolia outlining a strategic partnership for the modernization and development of Ulaanbaatar Railway (UBZD). In the presence of the presidents of the two countries, President of Russian Railways Vladimir Yakunin and EX-Minister of Roads and Transportation of Mongolia Amarjargal Gansukh signed the document.

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