Erdenet to Ovoot Railway construction to move forward
Ulaanbaatar Railways Joint Stock Company and Northern Railways LLC signed a memorandum of understanding to precede the key commercial agreements to support the construction funding of
Erdenet to Ovoot Railway construction to move forward. Late past week, Ulaanbaatar Railways Joint Stock Company and Northern Railways LLC signed a memorandum of understanding to precede the key commercial agreements to support the construction funding of the Erdenet to Ovoot Railway. These include the commercial terms upon which the Erdenet to Ovoot Railway users can access the Ulaanbaatar Railways JSC line to move freight through to end markets in Mongolia, south to China or north to Russia. This would encompass a capacity nomination regime and long term tariff structures. Northern Railways LLC is a Mongolian registered rail infrastructure company, mandated to pursue the development of the Erdenet to Ovoot Railway, and is supported by a consortium consisting of Aspire Mining, and subsidiaries of fortune 500 listed China Railway Construction Corporation. The Erdenet to Ovoot Railway extends 549 km between the town of Erdenet to Aspire Mining Company’s Ovoot Project, which connects northern Mongolia to China and international markets. In accordance with Mongolian National Rail Policy, the Erdenet to Ovoot Railway is a multi-user rail line and will be available for the transport of bulk materials, agricultural and general freight from the region to export markets including China, Russia and seaborne markets.
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