1 ASIANA AIRLINES WINS RIGHTS TO OPERATE ON KOREA-MONGOLIA ROUTE WWW.NEWSWORLD.CO.KR  PUBLISHED:2019/03/24      2 DEVELOPMENT BANK OF MONGOLIA TO GIVE SOFT LOANS TO GOLD COMPANIES WWW.NEWS.MN PUBLISHED:2019/03/24      3 IFC AND PARTNERS PROMOTE MODERN LIVESTOCK TECHNOLOGIES IN MONGOLIA TO BOOST PRODUCTIVITY WWW.MONTSAME.MN PUBLISHED:2019/03/24      4 MONGOLIAN GOVERNMENT ALWAYS ENCOURAGES LICIT FOREIGN INVESTMENT WWW.MONTSAME.MN PUBLISHED:2019/03/24      5 MONGOLIA LEAVES BENCHMARK INTEREST RATE UNCHANGED AT 11 PCT TO BOLSTER ECONOMY WWW.XIHUANET.COM PUBLISHED:2019/03/24      6 THE FIRST OFFICIAL SPONSOR OF GROWTH SUMMIT ULAANBAATAR 2019 IS PETROVIS, MONGOLIAN BUSINESS DATABASE'S OFFICIAL PARTNER AND ALSO PARTNER FOR INCLUSIVE AND COMBINED GROWTH. WWW. MONGOLIANBUSINESSDATABASE.COM PUBLISHED:2019/03/22      7 K-POP IN CRISIS: SCANDAL THREATENS TO END THE 'KOREAN WAVE' AND EXPOSES CULTURE OF TOXIC MASCULINITY WWW.CNN.COM PUBLISHED:2019/03/22      8 BELT, ROAD HIGH ON VISIT AGENDA WWW.CHINADAILY.COM.CN PUBLISHED:2019/03/22      9 BUILDING BRIDGES: LAST STEEL BEAM LINKING RUSSIA-CHINA RAILWAY BRIDGE CONNECTED WWW.RT.COM PUBLISHED:2019/03/22      10 ADB, LEAP TO BACK 15 MW IN MONGOLIA WITH $18.7M LOAN WWW.PV-MAGAZINE.COM PUBLISHED:2019/03/22      ХУВИЙН ХЭВШИЛ МОНГОЛ УЛСАД ЯМАР ХУВЬ НЭМЭР ОРУУЛДАГ ВЭ? WWW.IKON.MN НИЙТЭЛСЭН:2019/03/23     БН ЧЕХ УЛСЫН АРХИТЕКТУР, ЗУРАГ ТӨСЛИЙН КОМПАНИЙ ТАНИЛЦУУЛАХ УУЛЗАЛТ АРГА ХЭМЖЭЭ WWW.MONGOLIANBUSINESSDATABASE.COM НИЙТЭЛСЭН:2019/03/23     ОРОН НУТГИЙН ХУВИАРАА БИЗНЕС ЭРХЛЭГЧ 50-90 ХУВИЙН ТАТВАРЫН ХӨНГӨЛӨЛТ ЭДЭЛНЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2019/03/22     ЖИЛД 1.5 ТЭРБУМ ХҮРТЭЛХ ТӨГРӨГИЙН ОРЛОГОТОЙ АЖ АХУЙН НЭГЖ ТАТВАРЫНХАА 90 ХУВИЙГ БУЦААН АВНА WWWW.MONTSAME.MN  НИЙТЭЛСЭН:2019/03/22     ДӨРӨВДҮГЭЭР САРЫН 1-НЭЭС ӨР, ОРЛОГЫН ХАРЬЦАА 60:40 БОЛЖ, ИРГЭДИЙН ЗЭЭЛ АВАХ ХЭМЖЭЭ БУУРАХ НЬ WWW.IKON.MN  НИЙТЭЛСЭН:2019/03/22     НИЙСЛЭЛИЙН ӨРСӨЛДӨХ ЧАДВАРЫН ЕРӨНХИЙ ИНДЕКС 2017 ОНООС ХОЙШ 7.1 ХУВИАР САЙЖИРЧЭЭ WWW.BLOOMBERGTV.MN  НИЙТЭЛСЭН:2019/03/22     ”ЭРДЭНЭТ ҮЙЛДВЭР” ХХК БОЛОН “МОНГОЛРОСЦВЕТМЕТ” КОМПАНИЙГ ТӨРИЙН ӨМЧИТ ҮЙЛДВЭРИЙН ГАЗАР БОЛГОЛОО WWW.IKON.MN  НИЙТЭЛСЭН:2019/03/22     БНСУ-ЫН ЕРӨНХИЙ САЙД ЛИ НАГ ЁН МАНАЙ УЛСАД АЙЛЧИЛНА WWW.EAGLE.MN  НИЙТЭЛСЭН:2019/03/22     ХЭРЭГЛЭЭНИЙ ЗЭЭЛИЙН ТААЗ АМ.ДОЛЛАРЫГ ХАЗААРЛАЛАА WWW.ZGM.MN  НИЙТЭЛСЭН:2019/03/22     БОДЛОГЫН ХҮҮГ 11 ХУВЬД ХЭВЭЭР ХАДГАЛНА WWW.EAGLE.MN  НИЙТЭЛСЭН:2019/03/22    

New MoU signed on Erdenet to Ovoot railway project www.news.mn

Aspire Mining Ltd has entered into a new memorandum of understanding (MoU) with China Gezhouba Group International Engineering Co Ltd (CGGC). The new MoU was signed during Mongolian Prime Minister U.Khurelsuk’s official visit to China.

The Erdenet to Ovoot Railway extends 549 kilometres between the town of Erdenet and Aspire’s Ovoot Coking Coal Project, both in Mongolia.

Having delivered the draft Erdenet to Ovoot rail feasibility study in March 2018, CGGC and Northern Railways have agreed to work quickly to finalise the feasibility study by the end of May 2018. The rail feasibility is a key document for targeting project financing. CGGC will look to fund the remaining Erdenet to Ovoot Rail concession agreement pre-development work as per the previous October 2017 MoU.

However, this will be subject to receiving a guarantee that the connecting rail line will have sufficient capacity to carry the additional freight once connected. Also, that there be sufficient time to complete the remaining pre-development work and conditions precedent pursuant to the rail concession agreement.

Northern Rail will enter into an EPC contract with CGGC in November 2018 subject to construction funding being available. In August 2015, Northern Railways was granted an exclusive 30 years concession by the Mongolian government to build and operate the Erdenet to Ovoot Railway.



Published Date:2018-04-16