South Korean consortium presents bid to build US$3 billion railway in Mongolia

SEOUL--A South Korean consortium has presented a proposal for a US$3 billion deal to build a railway serving the world's largest untapped coal mine in Mongolia, a building firm said Thursday.

Lotte Engineering & Construction said the consortium of 19 firms submitted its preliminary proposal to Mongolian officials on Wednesday.

The consortium offered to build a 1,04-kilometer railway linking Mongolia's Tavan Tolgoi mine in the south Gobi desert with the eastern city of Choibalsan over a five-year period, it said.


Source:www.chinapost.com





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