Transit transportation to increase trade volume
Transit transportation to increase trade volume.
Transit transportation to increase trade volume. Mongolia, China, and Russia will begin a road transportation trial from next week. New transit transportation is expected help to increase trade volume by around 17-20% by 2020. Furthermore, freight transportation will increase by 10% annually which is equal to annual trade volume increase between Russian and China. It is the first transit transportation undertaking between the three countries. Transportation tests will be carried out on the 2200 km route from the China’s Port of Tianjin, via Ulaanbaatar to the Russian city of Ulan-Ude. The route consists of 900 km road in China, 1050 km in Mongolia and 240 km in Russia. Freight deliveries from China to Europe by sea take 50 days and 25-30 days by rail. The new road transportation corridor is expected to take only 4 days. Overall nine trucks from three countries will run in the transportation tests. The trilateral transport agreement was signed during a summit of the presidents of Mongolia, China, and Russia in Uzbek the capital of Tashkent in past June.
Views: 906
Tweet