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China and Mongolia plan to jointly build new highway for coal transportation
"It's no coincidence that the Asian giant is the world's largest coal user. The world's fastest-growing economy is also the world's fastest-growing coal market, accomplishing what no other nation has by navigating industrialization, urbanization and modernization all at once.
China uses coal to fuel approximately 80 percent of its electricity for basic needs and for providing the steel that creates the foundation for its fast-growing cities. It is expected to use more electricity than the entire Western Hemisphere in as little as the next two decades as hundreds of millions of citizens transition from rural to urban lifestyles.
More steel is going into the ground in China than anywhere else in the world: In fact, China consumed enough iron and steel last year to rebuild the entire U.S. commercial air fleet. Perhaps that's why China accounts for more than 60 percent of the global metallurgical coal market, most of which is used domestically for steel production."
"Photo of a coal mine in Mongolia: Flickr/Wolfiewolf"
Highway to Datong China, near Mongolian border
China, Mongolia plan to jointly build new highway for coal transportation
"China and Mongolia plan to jointly build new highway for coal transportation
English.news.cn 2010-10-05 15:12:46
HOHHOT, Oct. 5 (Xinhua) -- A new highway linking China and Mongolia is expected to be jointly built by the two countries with a total investment of 2.51 billion yuan (around 375 million U.S. dollars), local authorities said Tuesday.
The new highway is planned to be 245 kilometers in length and will run from Mongolia's southwest Omnogovi Aymag Province to Ganqimaodu, a border town in China's Inner Mongolia Autonomous Region, said a regional government official.
Two firms from China and Mongolia plan to set up a joint venture, which will be the main builder of the highway. The Mongolia firm will own 51 percent of the joint venture while the China firm the remaining 49 percent.
Construction of the highway is scheduled to be completed in two years.
The project plan had been submitted to the authorities of the two countries respectively, the official said.
The new highway was expected to improve coal transportation between the two countries, as well as promote economic development in China and Mongolia, the official said.
Trade between China's Inner Mongolia Autonomous Region and Mongolia reached 5.33 billion U.S. dollars and jumped 33.5 percent year on year over the first eight months of this year. As of Sept. 22, around 5.24 million tonnes of coal had been transported to China via Ganqimaodu."
"It's no coincidence that the Asian giant is the world's largest coal user. The world's fastest-growing economy is also the world's fastest-growing coal market, accomplishing what no other nation has by navigating industrialization, urbanization and modernization all at once.
China uses coal to fuel approximately 80 percent of its electricity for basic needs and for providing the steel that creates the foundation for its fast-growing cities. It is expected to use more electricity than the entire Western Hemisphere in as little as the next two decades as hundreds of millions of citizens transition from rural to urban lifestyles.
More steel is going into the ground in China than anywhere else in the world: In fact, China consumed enough iron and steel last year to rebuild the entire U.S. commercial air fleet. Perhaps that's why China accounts for more than 60 percent of the global metallurgical coal market, most of which is used domestically for steel production."
"Photo of a coal mine in Mongolia: Flickr/Wolfiewolf"
Highway to Datong China, near Mongolian border
China, Mongolia plan to jointly build new highway for coal transportation
"China and Mongolia plan to jointly build new highway for coal transportation
English.news.cn 2010-10-05 15:12:46
HOHHOT, Oct. 5 (Xinhua) -- A new highway linking China and Mongolia is expected to be jointly built by the two countries with a total investment of 2.51 billion yuan (around 375 million U.S. dollars), local authorities said Tuesday.
The new highway is planned to be 245 kilometers in length and will run from Mongolia's southwest Omnogovi Aymag Province to Ganqimaodu, a border town in China's Inner Mongolia Autonomous Region, said a regional government official.
Two firms from China and Mongolia plan to set up a joint venture, which will be the main builder of the highway. The Mongolia firm will own 51 percent of the joint venture while the China firm the remaining 49 percent.
Construction of the highway is scheduled to be completed in two years.
The project plan had been submitted to the authorities of the two countries respectively, the official said.
The new highway was expected to improve coal transportation between the two countries, as well as promote economic development in China and Mongolia, the official said.
Trade between China's Inner Mongolia Autonomous Region and Mongolia reached 5.33 billion U.S. dollars and jumped 33.5 percent year on year over the first eight months of this year. As of Sept. 22, around 5.24 million tonnes of coal had been transported to China via Ganqimaodu."
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