This year, Erdenes Tavan Tolgoi JSC earned profit of over MNT800 billion, of which MNT750 billion will be spent on purchasing bonds of Ulaanbaatar Railway JVC to finance Tavantolgoi-Zuunbayan railway project. Moreover, soldiers will be mobilized for the construction, informed B.Enkh-Amgalan, Minister of Road and Transport Development.

He said, “Previously, ‘Dornyin Zam’ Company sent its offer to build the railway in Tavantolgoi – Zuunbayan route for USD 3.2 million per kilometer. When soldiers are worked to this constructional work, it will take around USD1.2 million. This railway construction, which is expected to start next month, will involve 1800 soldiers and 454 machines and equipment. An average salary of MNT 2 million will be given to each soldier. A total expenditure on the the Tavantolgoi – Zuunbayan project is estimated to be over MNT780 billion.

Tavantolgoi Railway is in charge of the implementation of the 267km Tavantolgoi – Gashuunsukhait railroad, which is expected to be commissioned in the first quarter of 2021.”