China Railway Tunnel Group has started work on the investment project to modernize the Shargunkumir Company.
The investment project presupposes the increase of the company capacity to 900 thousand tons of coal per year.
The Chinese company will clear 10 old mines and create a 2227-meters long tunnel.
The total cost of the project is $105.5 million. The project is expected to conclude in Q1 2020.
A new railroad line of 20 km will also be constructed.
Shargun is the richest coal deposit in Uzbekistan, its reserves account for 33 million tons. (Ukrainian metal)