PJSC TransContainer strengthens its presence in Mongolia
In order to develop transit through the territory of Mongolia, PJSC TransContainer has registered a subsidiary of TransContainer Mongolia LLC in Ulan Bator. Such a resolution was adopted by the Board of Directors of the Company in July 2018 as part of the initiative to develop the China-Mongolia-Russia economic corridor.
TransContainer Mongolia LLC will be engaged in freight forwarding in containers across Mongolia, manage and supervise the car and container fleet of PJSC TransContainer in Mongolia and key border crossings, as well as build technological cooperation with freight forwarders of the Mongolian transport market.
Recall that PJSC TransContainer has long been cooperating with the government of Mongolia and China in the formation of a single Euro-Asian trade and economic space and transcontinental transport corridor – the Silk Road Economic Belt, as part of the global One Belt, One Road initiative. In 2017, a memorandum was signed, according to which the parties agreed to actively develop container traffic in international rail services to attract additional volumes of cargo on routes passing through the territory of Russia and Mongolia.