Domestic consortium to invest in industrial complex
A consortium of ten Mongolian companies says it will help finance the Sainshand industrial complex, which will consist of nine factories, including a coal washing plant, a copper enriching factory, and a crude oil refinery.
The ten companies, including the Bodi Group, Monnis, Magnai Trade, and the Just Group, have created the National Development Corporation and they say they are ready to move forward on the project.
Preliminary estimates say the Sainshand complex will cost USD 11 billion to build. Investors from China, Japan, and South Korea have already expressed an interest in financing the project.
The former adviser to the Minister for Road, Transportation and Urban Development, Ch.Ganbat, who has worked on the Sainshand project since its inception, will serve as the executive director of the National Development Corporation.
The ten companies, including the Bodi Group, Monnis, Magnai Trade, and the Just Group, have created the National Development Corporation and they say they are ready to move forward on the project.
Preliminary estimates say the Sainshand complex will cost USD 11 billion to build. Investors from China, Japan, and South Korea have already expressed an interest in financing the project.
The former adviser to the Minister for Road, Transportation and Urban Development, Ch.Ganbat, who has worked on the Sainshand project since its inception, will serve as the executive director of the National Development Corporation.
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