Possible development associated with CGGC stepping up to take 51% of NR after guarantee provided UBTZ Railways JSC:
CGGC would not invest a further US$5m to complete the conditions precedents and take its holding to 51% with out:
1. Concesssion extension- completed - ASX Ann 13 Aug 18
2. Provision of a guarantee- Conditional on the owner of the Central Mongolian Line, UBTZ Railways JSC, providing a guarantee that the Central Mongolian Line will be upgraded so as to have sufficient additional capacity to carry freight delivered by the Erdenet to Ovoot Railway once commissioned.
Ticks the boxes for strategic development and associated funding pacakage.
Possible development associated with CGGC stepping up to take...
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