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Mongolian railroad receives credit to purchase locomotives |
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Wednesday, 12 December 2007 |
 The Mongolian-owned Ulan-Batorskaya
Railway (UBZHD) has received a $7 million credit to purchase new locomotives
from Gazprombank.
UBZHD railroad runs through
Mongolia to bring cargo to Russia and China. The owners of the railroad
are the Russian Roszheldor company and the transportation ministry of
Mongolia.
This is the third line of credit
issued to UBZHD. A $30 million credit had previously been used to purchase,
among other things, 16 carriages.
Gazprombank is ranked as fifth
among other banks in the Central and Eastern Europe.
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