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Mongolia plans railroad link to transport minerals to China
(MENAFN) Mongolia announced that it plans to build a narrow gauge railroad across its border with China, Xinhua reported
The proposed railway will transport minerals from the Mongolian Gashuun Sukhait port to China's Gants Mod port
A state-owned mining firm has been permitted to co-invest with Chinese companies to form a joint venture to build and operate the link
Mongolia will hold 17 percent of the venture's stakes and have the same share of investment, both sides agreed that. Around USD500,000 will be invested in the initial phase of construction
The proposed railway will transport minerals from the Mongolian Gashuun Sukhait port to China's Gants Mod port
A state-owned mining firm has been permitted to co-invest with Chinese companies to form a joint venture to build and operate the link
Mongolia will hold 17 percent of the venture's stakes and have the same share of investment, both sides agreed that. Around USD500,000 will be invested in the initial phase of construction
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