Road to link Mongolia
Source: Xinhua |
October 6, 2010, Wednesday
|
Print Edition
Print Edition
A NEW highway linking China and Mongolia is expected to be jointly built by the two countries with a total investment of 2.5 billion yuan (US$375 million), local authorities said yesterday.
The new highway will be 245 kilometers long, running from Mongolia's southwest Omnogovi Aymag Province to Ganqimaodu, a border town in China's Inner Mongolia Autonomous Region, said a regional government official.
Two firms from China and Mongolia plan to be the main builders in a joint venture, the Mongolia firm owning 51 percent. Construction is scheduled to be completed in two years. The project plan has been submitted to the authorities of the two countries, the official said.
The new highway is expected to improve coal transportation and promote economic development in China and Mongolia, the official said.
Trade between Inner Mongolia Autonomous Region and the neighboring Mongolia reached US$5.3 billion, jumping 33 percent year on year over the first eight months of this year. As of September 22, around 5.2 million tons of coal had been to China through Ganqimaodu.
The new highway will be 245 kilometers long, running from Mongolia's southwest Omnogovi Aymag Province to Ganqimaodu, a border town in China's Inner Mongolia Autonomous Region, said a regional government official.
Two firms from China and Mongolia plan to be the main builders in a joint venture, the Mongolia firm owning 51 percent. Construction is scheduled to be completed in two years. The project plan has been submitted to the authorities of the two countries, the official said.
The new highway is expected to improve coal transportation and promote economic development in China and Mongolia, the official said.
Trade between Inner Mongolia Autonomous Region and the neighboring Mongolia reached US$5.3 billion, jumping 33 percent year on year over the first eight months of this year. As of September 22, around 5.2 million tons of coal had been to China through Ganqimaodu.
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