Russia and China plan new cargo transit corridor through Mongolia

Oyundelger 2016-09-29 05:09

Economy

Russia and China plan new cargo transit corridor through Mongolia.

Russia and China plan new cargo transit corridor through Mongolia. Cargo volumes traveling between Russia and China have been growing rapidly, with Russian haulers set to benefit greatly from the new route that will cut the distance between western Russia and southern China by over 1,000 kilometers. The new agreement will allow Russian cargo carriers to reach Beijing and the port city Tianjin in contrast to the current practice of hauling cargo to the nearest border town. The new route will stretch between the Siberian city of Ulan-Ude, pass through the Mongolian Capital Ulaanbaatar and head for Beijing. The new cargo transit corridor is planned to be open by the end of this year.