Mongolia Plans to Build $3.5 Billion Highway, Montsame Reports - Bloomberg: "Mongolia plans to build a $3.5 billion cross-country highway between its Russian and Chinese borders, state-run news agency Montsame reported.
The 627-mile-long highway will be built under a concession agreement and operated privately from 2015 to 2040, the news agency reported March 29. Foreign investors will provide the funding for 70 percent of the cost of construction while a Mongolian investment group called Chinggisland Development will bear the remainder, according to Montsame. North American and Italian companies will be involved, the agency reported, without identifying specific firms."
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