28 Feb 2011 10:11

Development of Mongolia's Tavan Tolgoi coal field to cost $1.5 bln - RZD chief

NOVOSIBIRSK. Feb 28 (Interfax) - Investment to develop the Tavan Tolgoi coal field in Mongolia will total about $1.5 billion, Russian Railways (RZD) head Vladimir Yakunin told journalists in Novosibirsk on Monday.

"The preliminary evaluation assumes that investment will total about $1.5 billion, given resource support. That concerned our proposal that our joint venture with Mongolia will carry out this project," he said.

RTS$#&: RZHD