Government to launch tender for new rail line
The Mongolian government plans to invite bids by the end of the year for the first phase of a USD 7 billion project to build around 6,000 kilometers of new lines, comprising an east-west corridor and two north-south lines.
The lines will increase the number of connections to neighboring railways and facilitate the exploitation of minerals. The first phase, costing around USD 2 billion, will be about 1,400 kilometers long and will connect the south Gobi region with Mongolia's eastern border. The second phase will add another 2,300 kilometers to the network. Two weeks ago the government approved a third phase totaling 1,700 kilometers. This will consist of a north-south corridor serving the western side of the country and creating a second link across Mongolia between China and Russia.
The government plans to implement the project past BOT schemes, but intends to retain a controlling 51 percent stake.
The lines will increase the number of connections to neighboring railways and facilitate the exploitation of minerals. The first phase, costing around USD 2 billion, will be about 1,400 kilometers long and will connect the south Gobi region with Mongolia's eastern border. The second phase will add another 2,300 kilometers to the network. Two weeks ago the government approved a third phase totaling 1,700 kilometers. This will consist of a north-south corridor serving the western side of the country and creating a second link across Mongolia between China and Russia.
The government plans to implement the project past BOT schemes, but intends to retain a controlling 51 percent stake.
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