AKIPRESS.COM - Mongolian Cabinet instructed on March 20 the Board of Erdenes Tavan Tolgoi JSC to dissolve the Gashuunsukhait Railway LLC, which was established to invest in, construct, and operate the narrow gauge railway between Mongolian Gashuunsukhait and Chinese Gantsmod ports.
In relation with the decision, corresponding ministers and authorities were ordered to oversee the company’s expenditures through external audit and take measures concerning payment for the expense of the company using the foreign investment made into TavanTolgoi–Gashuunsukhait railway project, reports Montsame state news agency.
As of the 2016 Cabinet resolution, the Nariinsukhait-Shiveekhuren railway construction was scheduled to start in the first half of 2017.
In this connection, the Cabinet decided that construction of 267 km railway connecting Tavan Tolgoi with Gashuunsukhait will be implemented under the same authority with the construction of 45.3 km railway connecting Nariinsukhait with Shiveekhuren.