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The Erdenet to Ovoot Railway extends 549 kilometres between the town of Erdenet and Aspire’s Ovoot Coking Coal Project, both in Mongolia.
It forms part of the proposed Northern Rail Corridor which extends across northern Mongolia into southern Russia.
Northern Railways LLC, a wholly-owned subsidiary of Aspire, received a senior delegation from the Tuva Republic during their official visit to Mongolia last week.
MoU signed supporting continued cooperationAs part of the visit, a memorandum of understanding (MoU) was signed with Northern Railways.
The MoU supports continued cooperation on seeing the rail corridor completed to Kyzyl and to support transit freight volumes.
The Northern Rail Corridor is an important part of the Tuva Republic’s economic development plan.
Tuva’s Deputy Chairman of Government said in an interview that the Russian Government is interested in the implementation of the Erdenet to Ovoot Railway Project which will boost trade and economic development between Russia and Mongolia.
Further provincial support from MongoliaDuring a recent Citizens’ Representative Council meeting in Khuvsgul Province where both Aspire’s Nuurstei and Ovoot Coking Coal Projects are located, the council reiterated its support for the Erdenet to Ovoot Railway.
In a following TV interview, the Governor of Khuvsgul emphasised the need for resource projects to fund needed infrastructure in the region and the rail benefits to the local community.
This article first appeared on www.proactiveinvestors.com.au
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