Minister Hour today was hosted by Minister of Road and Transportation N.Tumurkhuu and briefed on the sector policy and actions to be implemented in near future.
Tavan Tolgoi agreement is in the center of attention these days. Everyone is keen on whether the agreement to be approved by State Great Khural, if so when and so on. Minister of Road and Transportation addressed the issues related with Tavan Tolgoi.
According to the briefing on Tavan Tolgoi by the Minister railway from Tavan Tolgoi to gashuun Sukhait is to be constructed as the Government of Mongolia has approved the project. Now the matter is in the hands of the MPs. Ministry is now awaiting the results of the discussions of the State Great Khural and in case the Tavantolgoi concortium agreement is not approved New Railway Project is to proceed anyway. Moreover the ministry is working on the amendments to the State Budget Sustainability law, accodring to which the Mongolian Railways will be able to raise funds.
In this case Mongolia will be able to finance the strategic infrastructure projects.
During the Coal Mongolia-2015 held last week G.Battsengel, CEO of Energy Resource LLC said: "The current cost of transporting the coal from Mongolia to Tianjin port is USD 127 per ton, of which USD 80 is cost of logistics only. If we can resolve the issues and construct the railway to connect to Chinese railway system the cost will reduce by USD 15-20."
Ministry of Road and Transportation has proceeded with the initial negotiations to start the construction of the railways to connect Khuut-Bichigt. Government resolved the financing of this project with soft loans provided by Asian Development Bank and is to be approved by the State Great Khural. In case of success, the construction works to be commenced.
Minister Hour today was hosted by Minister of Road and Transportation N.Tumurkhuu and briefed on the sector policy and actions to be implemented in near future.
Tavan Tolgoi agreement is in the center of attention these days. Everyone is keen on whether the agreement to be approved by State Great Khural, if so when and so on. Minister of Road and Transportation addressed the issues related with Tavan Tolgoi.
According to the briefing on Tavan Tolgoi by the Minister railway from Tavan Tolgoi to gashuun Sukhait is to be constructed as the Government of Mongolia has approved the project. Now the matter is in the hands of the MPs. Ministry is now awaiting the results of the discussions of the State Great Khural and in case the Tavantolgoi concortium agreement is not approved New Railway Project is to proceed anyway. Moreover the ministry is working on the amendments to the State Budget Sustainability law, accodring to which the Mongolian Railways will be able to raise funds.
In this case Mongolia will be able to finance the strategic infrastructure projects.
During the Coal Mongolia-2015 held last week G.Battsengel, CEO of Energy Resource LLC said: "The current cost of transporting the coal from Mongolia to Tianjin port is USD 127 per ton, of which USD 80 is cost of logistics only. If we can resolve the issues and construct the railway to connect to Chinese railway system the cost will reduce by USD 15-20."
Ministry of Road and Transportation has proceeded with the initial negotiations to start the construction of the railways to connect Khuut-Bichigt. Government resolved the financing of this project with soft loans provided by Asian Development Bank and is to be approved by the State Great Khural. In case of success, the construction works to be commenced.