Mongolia to export coal by new railway next year


Prime Minister N.Altankhuyag visited the embankment construction site for the 267 kilometer railway being built between Tavan Tolgoi and Gashuun Sukhait.
The Tavan Tolgoi-Gashuun Sukhait Railway is being constructed under the New Railway Project being implemented by the Mongolian Railway state-owned stock company. Funding of 200 million USD from the Chinggis Bond has been allocated for fundamental structures and construction that will be part of the New Railway Project, and 193.9 million USD has been issued.
Samsung C&T Corporation has been working as the general executor of the New Railway Project, and 12 domestic sub-executor companies and over 1,700 employees have been working on its construction. Presently, completion of the earthwork for the 267 kilometer railroad is at 76 percent and a bridge along its route at 50 percent.
The Prime Minister directed relevant officials to accelerate operations and engage both domestic and foreign investors for other means of funding of the New Railway Project, in order to launch the railroad in October 2015, as planned.
Once operational, the 267 kilometer railway between Tavan Tolgoi and Gashuun Sukhait would decrease the costs for the annual transportation of 30 million tons of coal by at least 50 percent, and reduce the negative environmental impacts currently resulting from vehicle transportation.

Short URL: http://ubpost.mongolnews.mn/?p=12033

Posted by on Oct 2 2014. Filed under Business & Economics. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.

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