– Oyu Tolgoi supported and financed devlopment of modern street –
Ulaanbaatar, Mongolia – Citizen’s representative Khural and the Governor’s office of the capital city have publically thanked Oyu Tolgoi for improving a public street and square in Ulaanbaatar, making a valuable contribution to the development and prosperity of the capital through private investment.
Ulaanbaatar’s Students’ Street, stretches from the crossing at the State University of Education to the northwestern road crossing of Central Sports Palace. It covers 3,000 square metres and has been fully improved and modernised through a 400 thousand dollar investment from Oyu Tolgoi LLC. The improvements have been made using the latest technology and construction designs and include the installation of LED lights, walkways, rest benches and trash bins as well as a free Wi-Fi internet network.
Last April, Oyu Tolgoi signed a Memorandum of Understanding named, 'Partnership for Development' to provide private sector social investment for Ulaanbaatar’s development. According to the Memorandum, Ulaanbaatar Municipal Administration proposed a project to improve and modernise the street. Oyu Tolgoi gladly accepted this proposal and financed this development work which was completed recently.
About Oyu Tolgoi LLC (http://ot.mn/en)
Oyu Tolgoi LLC, Mongolia's largest copper and gold mining company, is a strategic partnership between the Government of Mongolia, Turquoise Hill Resources and Rio Tinto. Located in the Umnugobi, Oyu Tolgoi has commissioned Concentrator plant in December, 2012 and commenced shipments of copper concentrate in July of 2013. As the biggest single investment in Mongolian history, Oyu Tolgoi already is a major driver of the country’s economy.
Oyu Tolgoi is managed by Rio Tinto, which is investing global expertise and cutting-edge technology to help develop Mongolia’s mining industry and ensure Oyu Tolgoi is one of the world’s most advanced mines. Oyu Tolgoi is developing a nationwide vocational training programme, regional infrastructure, and is committed to ensuring more than 90 per cent Mongolian national employment and a strong Mongolian supplier base. These programmes will help drive economic growth for generations to come.
Oyu Tolgoi’s core commitment is to a safe work place and setting a new standard in environmental care.
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