Mongolia Plans to $5,5bn Railway Investment

Mongolia plans a $5.5 billion railway gauge line linking key mining sites with state-owned Mongolian Railway, aiming to boost economic development and mineral exports.

August 24, 2011 5:00 pm | Last Update: August 24, 2015 5:01 pm

Mongolia is planning to invest $5.5bn to build a railway gauge line linking Dalanzadgad, Tavan Tolgoi, Sainshand, Baruun-Urt and Choibalsan.

The deputy prime minister of Mongolia N Altankhuyag has discussed the feasibility study of the project with state-owned Mongolian Railway and project adviser McKinsey.

The expert team is reported to have favoured the project, saying it will help the developing country’s economy and increase mineral resource export, according to infomangolia.com.

TAGS: mongolia railway news, mongolia railway tenders, mongolia railways, mongolia standard gauge railway project

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