Source: open-government.mn                       Date: 11 May, 2011

The Government will propose to Parliament that 49 percent of the shares of Mongolian Railway should be offered for sale to foreign and domestic investors through the stock market. The Government website statement did not specify which stock exchange or exchanges would host the IPO. The proceeds will be used to finance the first two stages of the railway construction plans. The first of these covers the 1,100 km from Dalanzadgad - Tavan Tolgoi – Zuunbayan and Sainshand -  Baruun-Urt – Choibalsan and will need USD3 billion, based on preliminary estimates of USD2 million to USD2.5 million cost per km. The second stage would be the 900 km from Nariin Sukhait – Shivee Khuren, Ukhaa Khudag – Gashuun Sukhait, Khuut - Tamsagbulan – Numrug, and Khuut – Bichigt.