UB Urban Transformation - Phase I

pending

Mongolian Railway JSC (MTZ or the Company) is a wholly state-owned rail company established in 2008 to develop, own, and operate state-funded rail assets in Mongolia. It is one of the two public rail carriers in the country and a pivotal player in the national railway sector. MTZ operates several freight rail lines with a total length of over 650 km.IFC is considering financing the construction of the Bagakhangai-Khushig Valley branch railway (the Project), which is a greenfield 87.7 km single-track railway branching off from the Bagakhangai station on the Trans-Mongolia Railway and terminating at Khushig Valley.The Project is designed to divert rail freight from central Ulaanbaatar, with subsequent phases supporting relocation of city-based logistics to a new multimodal hub at Khushig Valley and completion of a full rail bypass. The Project is expected to reduce urban congestion, improve urban air quality, and enhance logistics efficiency and competitiveness, thus improving the overall liveability of the capital city.