Korea Rail Network Authority said its chairman and CEO Kim Sang-gyun met Mongolian President Kh.Battulga and other top officials last week. Kim also met Minister of Mongolian Road and Transport Enk-Amgalan and Mongolian Railways President Senggel Volt. They have agreed to form a working-level committee to strengthen cooperation with Enkh-Amgalan, while signing a memorandum of understanding (MOU) with Senggel Volt.

The MOU includes construction and engineering of the Mongolian Railway Development Master Plan established in 2010, and exchanges of railway technology and personnel. Accordingly, KRNA will help with the construction of the 247-kilometer Tavan Tolgoi-Gashuun Sukhait Railway and the 414.6-kilometer Tavan Tolgoi-Zuunbayan Railway.

The Tavan Tolgoi Rail Project will link Mongolia’s Tavan Tolgoi coal mine to the Chinese border. Mongolia has already invested USD 200 million but the project requires a further USD 800 million.