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Background

Developing Mongolian transport infrastructure

  • State
    Mongolia
  • Client
    Ulaanbaatar Railways
  • Implementation date
    2020
  • Volume
    EUR 40 mln
  • Field of activity
    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.

Project news

International and national development institutes join efforts to support the economies of Russia and Mongolia: IBEC has funded the development of Mongolia's railway infrastructure by attracting tied funding from Roseximbank JSC
International and national development institutes join efforts to support the economies of Russia and Mongolia: IBEC has funded the development of Mongolia's railway infrastructure by attracting tied funding from Roseximbank JSC
06.07.2020
International Bank for Economic Co-operation has provided a targeted loan to the Ulaanbataar Railway (UBTZ) for the purchase of locomotives produced by the Russian Transmashholding JSC. Tied financing for a period of 11 years from Roseximbank JSC with the insurance coverage by EXIAR, successfully attracted in June 2020, allowed the Bank to implement the transaction with the maximum efficiency.
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