A joint project to build a new road link is being set up by the governments of China and Mongolia. The road will be used to carry coal from a mine in Mongolia and will take around US$370 million to build. Mongolia's Ajina Holding Company intends to invest in a 51% stake in the project, while the remaining 49% will come from a company based in China's Bayan Nur city. The construction work on the 245km road is due for completion in 24 months. Building the road will allow freight transport between Mongolia and Bayan Nur city's Ganqimaodu Port.
