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Mongolia Plans to $5,5bn Railway Investment

24 August 2011 Wednesday, 17:00

Mongolia is planning to invest $5.5bn to build a railway gauge line linking Dalanzadgad, Tavan Tolgoi, Sainshand, Baruun-Urt and Choibalsan.

The deputy prime minister of Mongolia N Altankhuyag has discussed the feasibility study of the project with state-owned Mongolian Railway and project adviser McKinsey.

The expert team is reported to have favoured the project, saying it will help the developing country’s economy and increase mineral resource export, according to infomangolia.com.

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