The Chinggis Land Development Group has been selected as the project coordinator of  the Altanbulag-Ulaanbaatar-Zamiin-Uud highway construction project. The group consists of over 10 national companies including Magnai Trade, Just, Nasnii zam, Moninjbar and Tsast Impex. Prestigious investment advisor companies from Italy and US will also work on the project. The 1000km long Altanbulag-Ulaanbaatar-Zamiin-Uud highway construction is planned to start in May and finish in October 2015.

As the project coordinator, the Chinggis Land Development Group signed a concession contract on the highway construction in order to complete it in two and a half years. This means the group will be the owner of the highway from 2015 to 2040. The project coordinator will transfer the road ownership to the State in 2040.

The total cost of the project is set at 3.5 billion US dollars with the cost of one km of road being estimated at 3.5 million US dollars.

The Chinggis Land Development Group said that they will raise 70 percent of the project finance from the international stock market and invest 30 percent with their own finances.
The highway will be built up to European standards and the project coordinator group claims that the highway will be a main route to connect Asia and Europe.

The goods turnover is estimated at 80 billion US dollars between Russia and China this year with 10 percent of this transported on overland and the other 90 percent on overseas transportation.

This turnover is expected to increase to 200 billion US dollars in 5 years. The Altanbulag-Ulaanbaatar-Zamiin-Uud highway project is essential to connect the markets.