Bagakhangai-Khushig Valley Railway Project to Be Implemented in Two Stages
During its regular session on February 12, 2025, the Cabinet of Mongolia authorized the State Property Policy and Regulation Department, Erdenes Tavan Tolgoi JSC, Mongolian Railway state-owned JSC, and Tavan Tolgoi Railway LLC to finance the Bagakhangai-Khushig Valley Railway Project with the net profit of “Mongolian Railway” JSC and “Tavan Tolgoi Railway” LLC in 2024, investments in 2025, and leveraging domestic resources.
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