East Asian Railroad Link to pass through Mongolia - News.MN

East Asian Railroad Link to pass through Mongolia

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2019/10/17

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East Asian Railroad Link to pass through Mongolia

The South Korean government has unveiled the blueprint for a proposed railroad link that it hopes to pursue in partnership with North Korea,

The blueprint was unveiled at an international seminar of the East Asian Railroad Community which was held in Seoul.

Nearly one year after South and North Korea released the Pyongyang Joint Statement, on 19 Sept. 2018, Seoul has come up with a plan for economic cooperation with Pyongyang that would focus on a railroad project in East Asia.

Russia, Mongolia, and China have announced their intention to join the community, and each sent senior officials to the seminar: Russian Deputy Minister of Transport Vladimir Tokarev, Mongolian Deputy Minister of Road and Transportation Development S.Batbold, and Chinese National Railway Administration Director-General Yan Hexiang.

Japan’s Economic Research Institute for Northeast Asia (ERINA) and the World Bank also expressed interest in the idea by sending representatives to the seminar.

A senior representative noted: “The GDP of the states that could participate in the community represents 49.8% of global GDP, and their population, at 2.11 billion, accounts for 27.4% of the global population. By strengthening cooperation between these countries, the East Asian Railroad Community could serve to help elevate the region into the world’s greatest economic zone.”

This interesting proposal is clearly dependent upon the improvement of relations with Pyongyang.

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