Investors are offering their bids to invest in Khuut-Bichigt route railroad, which will be the main freight line in the eastern region of the country. For instance, Baxin Railway LLC of People's Republic of China (PRC) expressed its interest to invest in the railroad, as well as to establish an project park in Khuut station. Presently, the initial feasibility study of the railroad has been prepared. Once the Ministry of Road and Transport Development approve the feasibility study, the information on investment will be made public, informed the working group responsible for Khuut-Bichigt railroad.
The offer includes establishment of an industrial park
Furthermore, environmental and social impact assessments, as well as field research and engineering geology analysis have been completed. The industry experts prioritize research and estimation of a railway project. Therefore, the working group is preparing a detailed study of the project. “Establishment of a complex infrastructure in the east will have a significant impact in the regional development and will provide transit transportation for the two neighbors, remarked Tsengel Bold, CEO of Mongolian Railways state-owned company.
A deposit with around 200-300 million tons of mineral resource is located in the Khuut-Bichigt route. The infrastructure will intensify mineral turnover and will allow Mongolian mining products to be traded in the international markets. Also, the early estimation show that some percentage of freight transports of Russian and PRC in the Trans-Manchuria railways could be transited through Khuut-Bichigt. The Government’s 2016-2020 Action Plan stated to establish Tavantolgoi-Gashuusukhait and Khuut-Bichigt route railroads. The 239 km long Khuut-Bichigt railroad will also provide around 800 workplaces. Although the investment amount is still unknown, the related officials informed that the initial cost will be around USD 1 billion.
Mongolia, Russia and PRC have agreed to establish a trilateral economic corridor within the frames of “Belt and Road” initiative of PRC and “Development Road” initiative of Mongolia. Accordingly, 33 projects will be implemented for the corridor, which will consist of central, western and eastern regional development. Additionally, the related officials and investors of Khuut-Bichigt project have gathered to convene at the Corporate hotel on January 22-23.
Tugsbilig.B
Investors are offering their bids to invest in Khuut-Bichigt route railroad, which will be the main freight line in the eastern region of the country. For instance, Baxin Railway LLC of People's Republic of China (PRC) expressed its interest to invest in the railroad, as well as to establish an project park in Khuut station. Presently, the initial feasibility study of the railroad has been prepared. Once the Ministry of Road and Transport Development approve the feasibility study, the information on investment will be made public, informed the working group responsible for Khuut-Bichigt railroad.
The offer includes establishment of an industrial park
Furthermore, environmental and social impact assessments, as well as field research and engineering geology analysis have been completed. The industry experts prioritize research and estimation of a railway project. Therefore, the working group is preparing a detailed study of the project. “Establishment of a complex infrastructure in the east will have a significant impact in the regional development and will provide transit transportation for the two neighbors, remarked Tsengel Bold, CEO of Mongolian Railways state-owned company.
A deposit with around 200-300 million tons of mineral resource is located in the Khuut-Bichigt route. The infrastructure will intensify mineral turnover and will allow Mongolian mining products to be traded in the international markets. Also, the early estimation show that some percentage of freight transports of Russian and PRC in the Trans-Manchuria railways could be transited through Khuut-Bichigt. The Government’s 2016-2020 Action Plan stated to establish Tavantolgoi-Gashuusukhait and Khuut-Bichigt route railroads. The 239 km long Khuut-Bichigt railroad will also provide around 800 workplaces. Although the investment amount is still unknown, the related officials informed that the initial cost will be around USD 1 billion.
Mongolia, Russia and PRC have agreed to establish a trilateral economic corridor within the frames of “Belt and Road” initiative of PRC and “Development Road” initiative of Mongolia. Accordingly, 33 projects will be implemented for the corridor, which will consist of central, western and eastern regional development. Additionally, the related officials and investors of Khuut-Bichigt project have gathered to convene at the Corporate hotel on January 22-23.
Tugsbilig.B