Samsung C&T wins $483M Mongolia railway projectSamsung C&T, the construction arm of Samsung Group, said yesterday it secured a $483 million order from Mongolia to build a railway and rail facilities.
The company said the project involve 217 kilometers (134 miles) of railway from Tavan Tolgoi coal mine to near the Chinese border. The estimated construction period is 30 months.
Samsung C&T, the nation’s second-largest builder in terms of construction capacity, said the project could lead to other work in Mongolia in the future.
The company built the Shangri-La Hotel in Ulanbator, Mongolia.