During the regular Cabinet Meeting, MP Kh.Battulga, Minister for Road, Transport, Construction and Urban Development, made presentation on “New railway” project progress and initial financing.
Cabinet Meeting instructed Board Directors of Development Bank to transfer the necessary fund for the feasibility study, geological and geodesy and environmental impact evaluation and earth work of the project.
Within the framework of “New Railway” project 468 km railway between Tavan Tolgoi – Sainshand, Sainshand – Khuut (450 km), Khuut – Choibalsan (155 km), Khuut – Numrug (380 km), Tavan Tolgoi – Gashuunsukhait (267 km), NariinSukhait – Shiveekhuren (46 km) railroads are planned. According to the earlier research and evaluation, 1 km railroad base structure will require US$2.5-2.8 million. The project developers expect to transport 66 million tons of coal by 2020.