Mongolian-American cooperation in construction sector to develop
Mongolian-American cooperation in construction sector is to develop.
Mongolian-American cooperation in construction sector is to develop. Mongolia Holdings, American Hertz Equipment Rental Corporation’s franchise in Mongolia agreed to acquire Monroad Company, one of the largest road construction and earthmoving companies in Mongolia. Monroad offers a full range of construction services including heavy equipment rental, construction and maintenance of roads, bridges, railroad lines, drainage work, earthwork and flood protection dams. Monraod plans to bring its facilities, equipment, highly trained staff, equipment maintenance capabilities, logistics, market knowledge, reputation and enthusiasm to the deployment and build-out of Hertz Equipment Rental operations throughout Mongolia. The expanded platform makes Monraod Company better prepared to tackle larger projects and to more aggressively execute the growth strategy of its existing road building and earthmoving operations. Mongolia Holdings will now possess a much wider array of capabilities necessary to meet growing demands for equipment and construction services, driven in part by international infrastructure development initiatives like ‘One Belt, One Road’ and mega-mining industry projects like Oyu Tolgoi.
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