SAN FRANCISCO, CA--(Marketwire - 06/10/11) - Bechtel has been selected by the National Development and Innovation Committee (NDIC) of the government of Mongolia to provide master planning services for the development of the Sainshand Industrial Complex. The planned industrial hub is considered a centerpiece of Mongolia's National Development Strategy.
Under the agreement, Bechtel will develop a master plan for the complex, incorporating infrastructure and industrial projects including a coal gasification power plant, oil refinery, and mineral processing facilities. In addition, Bechtel will perform economic analysis for each of the industrial and infrastructure projects and review debt financing options.
"The Sainshand Industrial Complex is key to Mongolia's social and economic development," said Ch. Khashchuluun, head of Mongolia's National Development and Innovation Committee. "Bechtel's experience and expertise will help us achieve our vision of creating an industrial complex that will allow us to be more competitive in the global market."
"Bechtel has successfully delivered hundreds of projects across Asia including the CSPC Nanhai Petrochemicals Complex and Hong Kong International Airport, and we are delighted to add the government of Mongolia to our client roster. We are confident we can apply our decades of expertise to help NDIC achieve its vision to create a world class industrial complex," said Steve Katzman, President of Bechtel Asia.
Bechtel will also apply its considerable sustainable development expertise to the plan to contribute to tangible social, economic, and environmental improvements.
With more than 10 decades of delivering successful engineering, procurement, and construction projects, Bechtel brings unmatched capability to this project. The company is currently conducting a master planning project for the country of Gabon on the western coast of central Africa; providing program management services for the construction of Khalifa Port and Industrial Zone in the United Arab Emirates; and managing the expansion of the Jubail Industrial City, the largest civil engineering project in the world, located in Saudi Arabia.
About Bechtel
Bechtel is among the most respected engineering, procurement, and construction companies in the world. It stands apart for its ability to get the job done -- no matter how big, how complex, or how remote. Bechtel is built upon time-tested values of excellence and integrity. The reliability of its performance, the enduring quality of its projects, the strength of its ethics, and the seriousness of its commitment to safety and sustainability, are evident in everything it does. For more information about Bechtel visit www.bechtel.com.
Contact:
For more information, contact:
Michelle Allen
301.228.8946
mmallen@bechtel.com
Source:Bechtel Company
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