China, Mongolia plan to jointly build new highway for coal transportation
15:28, October 05, 2010

Email | Print | Subscribe | Comments | Forum 
The new highway is planned to be 245 kilometers in length and will run 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 set up a joint venture, which will be the main builder of the highway. The Mongolia firm will own 51 percent of the joint venture while the China firm the remaining 49 percent.
Construction of the highway is scheduled to be completed in two years.
The project plan had been submitted to the authorities of the two countries respectively, the official said.
The new highway was expected to improve coal transportation between the two countries, as well as promote economic development in China and Mongolia, the official said.
Trade between China's Inner Mongolia Autonomous Region and Mongolia reached 5.33 billion U.S. dollars and jumped 33.5 percent year on year over the first eight months of this year. As of Sept. 22, around 5.24 million tonnes of coal had been transported to China via Ganqimaodu.
Source: Xinhua
(Editor:张心意)

Related Reading
Ukraine, China sign memorandum on cooperation in coal industry
China, Mongolia should explore new fields in military co-op: Chinese general
NDRC jumps into standoff between coal producers and power plants
Senior executives punished after mine accident in central China
Power generators report increased demand; coal costs dent profits

Tibet poised to embrace even brighter future, 60 years after peaceful liberation
Chinese official calls for more language, culture exchanges with foreign countries
Senior Chinese leader calls for efforts to develop new energy
Central gov't delegation arrives in Lhasa for Tibet Peaceful Liberation Celebrations
China Southern Airlines sends charter flight carrying peacekeepers to Liberia

