Ulaanbaatar
Some railway projects to be implemented under ‘design-build-operate-transfer’ concession agreements
Society
Ulaanbaatar /MONTSAME/ ‘Artssuuri-Nariinsukhait-Shiveekhuren
Railway’ and ‘Choibalsan-Khuut-Bichigt Railway’ special purpose companies will
be established to implement the Artssuuri-Nariinsukhait-Shiveekhuren, Khuut-Choibalsan,
and Khuut-Bichigt railway projects with the involvement of ‘Mongolian Railway'
state-owned shareholding company.
At its regular meeting on
March 16, the Cabinet ordered Minister of Road and Transport Development L.Khaltar
to meet with and select from foreign and domestic investors interested in
cooperating on the projects to be implemented under ‘design-build-operate-transfer’ concession
agreements.
The special purpose companies
will be granted concessions, get relevant permissions to implement the projects
and carry out the construction works in collaboration with the private sector with
the selection of investors to fund and cooperate on the projects.
Mongolian Railway company will
transport on the railway upon the completion of the construction and when the
concession agreements expire, the ownership of the basic structure of the
railway will be transferred to Mongolian Railway.
