Financing for construction work of Tavantolgoi-Zuunbayan railway project to be resolved

2021-08-05 09:01:28

Ulaanbaatar/MONTSAME/. At the cabinet meeting dated August 4, Minister of Road and Transport Development L. Khaltar reported the progress of Tavantolgoi-Zuunbayan railway project.

After hearing the report, Minister of Mining and Heavy Industry G. Yondon and the Board of Directors and CEO of Erdenes Tavan Tolgoi JSC were deputed to resolve matters regarding the expected payment for the work performed on the Tavantolgoi-Zuunbayan railway project and the remaining financing required to complete the construction works of the project within the third quarter of 2021. With the funding to be resolved, corresponding officials were assigned to commission the Tavantolgoi-Zuunbayan railway by the second quarter of 2022.

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