Ulaanbaatar Railway becomes active participant in international logisticsEconomy
Ulaanbaatar /MONTSAME/. One of the recent noteworthy achievements of Ulaanbaatar Railway JSC is how the company was able to boost the freight passing through Mongolia.
With the increase in trade and economic activities in China-Europe and China-Russia in recent years, the flow of products between the continents and countries have rapidly increased. This is due to how it takes an average of 30-50 days to send shipments from Chinese seaports to Europe, while it takes only 12-15 days for railway shipments to arrive in the major European cities involved in trade.
If the trade flow between Asia and Europe hadn’t been directed to the corridor of Mongolia, it would have gone through other routes, such as the one that connects Russia and Kazakhstan. As a result of the special attention given to the matter by Ulaanbaatar Railway, the amount of railway traffic passing through the country is increasingly growing in the last few years.
Aside from promoting the advantages of the country’s corridor to shippers in China, countries of Europe as well as others, the railway company made appropriate preparations to increase their freight capacity and enhance their operations for organizing transport. As a result, the company’s routes connecting Europe and Asia have increased from 3 to 10, transporting shipments from Finland, Czech, Poland, Hungary, Germany, Belarus, Italy, Austria, Ukraine, and the Netherlands. Furthermore, the freight transport services offered for Russia-China have increased from 3 provinces to 7.
The number of freight trains passing through the territory of Mongolia have increased each year, with the 2,124th freight train passing through the country today since the start of this year.
Thus, Ulaanbaatar Railway JSC has made Mongolia have one of the fastest growing corridors, able to compete with those of Russia and Kazakhstan in 2020.
This achievement of Ulaanbaatar Railway JSC shows not only that it has become an active participant in regional and international transport and logistics, but also a strong competitor for corridors connecting China and Europe on land.