CADEX KK of Tokyo and State-owned Mongolian Railway have announced
the formation of a wide-ranging business
consulting alliance with aim
of enhancing the railway infrastructure in Mongolia. Under their
agreement, CADEX and its Mongolian subsidiary CADEX LLC Mongolia (Ulaanbaatar) will act as a business consultant of
Mongolian Railway, specifically as
manager of projects to acquire railway technology and personnel (through
hiring and education/training) with the goal of contributing to the stable
management and long-term growth of Mongolian Railway.

Under the alliance agreement, CADEX will apply its railway
consulting and project management experience in China, as well as its human
resources network, achievements and know-how throughout the Asian region, to
build cooperative relationships with third parties outside Mongolia with the
objective of rapidly achieving a stable freight transportation system, new
business opportunities and the efficient development of underground resources.

Mongolian Railway was established in 2008 by the Government of Mongolia
to equip and maintain the country”s railway infrastructure, and to proactively
promote the development of resources and supply these resources to
international markets. Specifically, the company is working to rationalize
Mongolia”s logistics system, establish a safe and secure railway management
system, and establish and maintain stable quality assurance systems, thereby
modernizing Mongolia”s railway system, raising the presence of Mongolia in the
international resources market and contributing to the development of
Mongolia”s economy. The company is wholly owned by the Government of Mongolia.