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Mongolia’s parliament ratified a strategic partnership with China on May 14 to construct the 19.5-km-long Gashuunsukhait-Gantsmod cross-border railway. This new railway aims to enhance coal transport capacity by 30 million tons and support operations at the Tavan Tolgoi coal mine, which has significant untapped coking coal deposits.
Once operational, the railway is projected to increase coal sales revenue by $1.5 billion annually, contributing to an economic growth rate of 0.8% per year, and maintaining inflation at 5%. Construction will be managed by Mongolia’s state-owned Erdenes-Tavantolgoi JSC and China Energy, with a potential increase in total coal export capacity up to 120 million tons by 2030 if additional crossings are developed.
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