Source: Business-mongolia.com                     Date: 29 April, 2011

Mr. Kh. Battulga, Minister for Road, Transportation, Construction and Urban Development, has revealed that all six shortlisted bidders for Tavan Tolgoi are willing and ready to invest an estimated USD1.5 billion in the proposed project to construct over 1,000 km of new railroads connecting Tavan Tolgoi to Choibalsan via Sainshand. Choibalsan city is already connected to the Russian rail network.  The exact total cost of the project will be known when its Feasibility Study is finalized, which is likely in early July. The Standing Committee on the Economy is still working on the cost of laying 1 km of track.