An Interstate Agreement on creation of Russia-Mongolia-China cargo transit corridor will be signed in December 2016, Director General of Russia’s Agency of Automobile Transport Alexey Dvoynykh said in an interview with Russian newspaper Izvestia.
“The signing is planned as early as December this year. According to preliminary estimates, the cargo flow will increase some 17%-20% due to the rearrangement of transport movement. Later, increases of 10% per year are possible, which is, in general, in tune with the average yearly Russian-Chinese foreign trade increase,”- the newspaper quotes Mr Dvoinykh as saying.
The new route will stretch between the Siberian city of Ulan-Ude, pass through the Mongolian Capital Ulaanbaatar and head to Beijing shortening a distance between South China and the European part of Russia by 1.4 thousand kilometers, as well as travel time to four days.
According to Mr Dvoinykh, 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.
In the first eight months of this year, cargo volumes between Russia and China amounted to 1.9 mln tones and have substantially surpassed total figures for 2015. According to Mr Dvoinykh they were driven largely by Russian agricultural and processed food exports to China, as well as wood exports.
This June all three presidents, Russia’s Vladimir Putin, China’s Xi Jinping and Mongolia’s Tsakhiagiin Elbegdorj, adopted a program of building an economic corridor between the countries following a trilateral meeting. It is believed that cargo traffic between Russia and China will increase further to the east. Earlier this month, Russian Transport Minister Maksim Sokolov said that the Amur Bridge Project will be completed by 2018.
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