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Russia to Invest in Mongolia
1.06.2011 14:09
Russia to Invest in Mongolia

Russian rail monopoly Russian Railways is going to invest $1,5 billion in Mongolia's rail infrastructure to help the country develop its coal resources.
      
       According to Bloomberg, Mongolia needs about 6 000 kilometers of tracks to develop its coal deposits.
      
       Vladimir Yakunin, head of state owned Russian Railways, says, that the company is ready to invest 1,5 billion dollars for the construction of infrastructure. He added, that in the beginning of the summer the consortium would be created, he also said that all BRICS countries, Brazil, Russia, India, China, and South Africa, were interested in the project.
      
       bloomberg.com
       reuters.com


Author: Ksenia Dzhalagonia

Tags: Russian business invest Mongolia   

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