Mongolian infrastructure sector to expand capacity
Mongolian infrastructure sector is to expand its capacity.
Mongolian infrastructure sector is to expand its capacity. Mongolian roads and bridges builder Khot Infrastructure Holdings Ltd is working with Chinese partner ChinaPower subsidiary SEPCOIII to obtain new concessions. The company is looking to rapidly expand its operational capacity. Management highlighted in the first quarter results statement that a massive opportunity exists in Mongolia because of the range of infrastructure opportunities currently approved or with approval pending. It includes 5,400 kilometers of new paved road construction scheduled for completion by the end of 2016. Mongolian government plans include tenders for construction of both contract and concession roads. In April, the company teamed up with Shandong Electric Power Construction Corporation III (SEPCOIII), a subsidiary of PowerChina, to bid for all tender calls, and management continues to work with SEPCOIII towards obtaining new concessions.
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