PROJECT ON HIGHWAY TO START

Ulaanbaatar /MONTSAME/ A construction of a one thous. kilometers' high speed road in Altanbulag--Ulaanbaatar--Zamyn-Uud route (connecting the northern point to the southern point) will start this May and finish in October of 2015. This work is to done by a Concession agreement, an executor company will own it 2015-2040 and return to the state in 2040. The total cost of the project is USD 3.5 billion (3.5 million per kilometer), 70% will be financed by international investors, the rest by the "Chinggisland Development" group which consists of more than ten Mongoplianbig companies. The high-speed road will be two-way, covered by 70-sm thick emulsified asphalt according to the international C1 category. The European standards will be strictly adhered in the construction of this road which will connect Asia and Europe. As expected, this road will also help Russia and China have their markets get closer and increase a trade volume, and will develop satellite towns and service centers. Several foreign companies are supposed to take part in the projects including Italian and North American famous ones. Ch.Enkhtuya