Background

Developing Mongolian transport infrastructure

  • Mongolia
  • Ulaanbaatar Railways
  • 2020
  • EUR 40 mln
  • Transport
  • International Bank for Economic Co-operation has provided a targeted loan to the Ulaanbaatar Railway for the purchase of Russian-made diesel locomotives from JSC Transmashholding. The structure of the transaction provides for the attraction of tied financing for a period of 11 years from Roseximbank JSC under insurance coverage from EXIAR JSC. This complexly structured financial transaction totaling EUR 40 million supports a long-term investment program to modernize Mongolian railway infrastructure. The targeted loan also contributes to an increase in exports from Russia - the purchased mainline freight two-section diesel locomotives meet the most modern environmental and safety requirements for such types of equipment.
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