Ulaanbaatar
Northern Railways LLC asks Government to help resolve problem
PoliticsUlaanbaatar /MONTSAME/ Prime Minister J.Erdenebat met with the Chairman of the Board of Northern Railways LLC David Paull on September 14. The Premier expressed gratitude for the company’s plan to make a major investment in the regional mining, land farming and tourism sectors.
The Northern Railways LLC is a daughter company of Australia’s Aspire Mining Ltd., and is licensed to implement a project on base construction for 547 km railroad connecting Ovoot and Erdenet. The Northern Railways is carrying out the Erdenet-Ovoot Railroad Project for 30 years on build-operate-transfer contract.
Mr Paull thanked the Government’s for support, and informed that the company is seeking financing from the Development bank of China and the Asian Infrastructure Investment Bank, as the project is a part of the Mongolia-Russia-China Economic Corridor.
The engineering studies are underway, and the construction is intended to commence in 2017, he said. Mr Paull asked the Premier to help resolve the issue of consilience of roads, which have been holding the progress back for more than a year.
