Académique Documents
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Mongolian Railway
CONTENTS
THE NEW MONGOLIAN RAILWAY PROJECT WOULD PROVIDE ACCESS TO GLOBAL SEABORNE
MARKETS VIA SEAPORTS IN CHINA AND RUSSIA, THUS ALLOW HIGHER MARGINS FOR MINERS
(million tonn)
Own and manage railway sector property created by the state investment;
In early 2013, the Government of Mongolia (GOM) granted the built-operate-transfer (BOT) concession right for
approx. 1800 km of railway infrastructure (New Railway Project or Project) as per the State Policy on Railway
Transportation of Mongolia (2010) to Mongolian Railway State Owned Shareholding Company (MTZ)
MTZ has been granted the concession right to develop, construct, finance and operate
approx. 1800 km railway as per Phase 1 and 2 of the State Rail Policy
EPC Contractor
Samsung C&T
Owners Engineer
Deutsche Bahn
International
Length
Earthwork
Subcontractors
Construction Duration
Axle load
Major Structures
Throughput Capacity
Manpower & Equipment
225 km
13 local company
2013-2016
25 ton
2 stations
5 passing sidings
16 bridges /1356 m/
126 culverts
8 animal passes
30 Mtpa
Over 1000 personnel
Over 400 equipment
27,8%
51,84%
22,04%
2%
2012
Description
2013
2014
Total work
Total
Completion
Percentage
10 075 528,96 m3
86.6
715.54 m
69.76 no.
52.76
52.06
Civil work
Earthwork
11 634 560 m3
Bridge work
Culvert work
1356.23 m
134 no.
Track work
Ballast
802 880 m3
280 499.37 m3
34.94
52 177.29 set
4.91
Fastener
EASTLINE PROGRESS
FEED work :
WORKS IN PROGRESS
Completed in Q2,
2014
Completed in Q2,
2014
Completed in Q2, in
Q2 2014
Signaling &
Telecommunications, Rolling
Stock, Building & Depot
Completed in
in Q2 2014
Tender documents
Completed in
in Q2 2014
PERFORMANCE
Field Study
100%
100%
Tender Document
100%
PROJECT STRUCTURE
From debt financing perspective: several SPVs respectively for different sections
Given the size of the Project as well as different development status across Projects different sections (i.e. ongoing construction on the 267km Southline, with the remaining sections under technical studies), it is envisioned
to rescale the whole Project into more manageable and less complex individual sub-Projects which are to be
developed under several SPVs
From equity financing perspective: same sponsors for the overall Project
It is envisioned to have same sponsors with consistent shareholding percentages across all the SPVs of the
Project. One way to achieve this is illustrated by the chart below (i.e. the number of SPVs is indicative only):
MTZ
Investors
[51]%
Equity
Financing
Debt
Financing
[49]%
SPV
100%
SPV 1
SPV 2
SPV 3
Lenders of SPV 1
Lenders of SPV 2
Lenders of SPV 3
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CONTENTS
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Legal Basis:
Rashaant
Station
Ulaanbaatar
Existing Railway
167 km
Bogdkhan Railway
149.1 km
New Airport at Khushigt
Valley
Maanit
Station
MONGOLIAN RAILWAY SOSC
UB Logistics
Terminal
New Airport
AH-3 Highway
BOGDKHAN Railway
Ulaanbaatar Logistics Multimodal Transport and Logistics Hub Project will be located at the junction of Bogdkhan Railway,
AH-3 Highway and New Airport Project, making a new hub project.
MONGOLIAN RAILWAY SOSC
SIGNIFICANCE OF PROJECT
Public:
Railway:
PROJECT
Transport and Logistics:
CURRENT PROGRESS
Bogdkhan Railway:
GOM approved the implementation of the project.
Alignment has been studied;
Initial financing for the Technical Assistance has been settled between the GOM and Asian Development
Bank.
Ulaanbaatar Multimodal Transport and Logistics Hub Project:
GOM approved the implementation of the project;
Initial financing for the Technical Assistance has been settled between the GOM and Asian Development
Bank;
Master plan of the National Logistics has been developed;
Master plan of the Ulaanbaatar Logistics Center has been prepared;
Guidance of Ulaanbaatar Multimodal Transport and Logistic Center was developed;
Land permit was approved.
THANK YOU
Union Building, 1411, floor, Narnii zam-62
Ulaanbaatar 14230, Mongolia
Phone:
(976) 70006622
(976) 70007722
Fax:
(976) 70106644
MONGOLIAN RAILWAY SOSC
E-mail:
info@mtz.mn
Website:
www.mtz.mn
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