Khot Announces Award of Road Repair Contract in Darkhan Province, Mongolia
October 7, 2014
ULAANBAATAR, MONGOLIA — KHOT INFRASTRUCTURE HOLDINGS, LTD. (“Khot” or the “Company”) (CSE: KOT) is pleased to announce that its indirectly controlled subsidiary, Ashid Munkhiin Zam LLC (“AMZ”), has been awarded a contract to repair six kilometers of a twelve-kilometer road repair contract awarded to four companies, including AMZ. The project is located in Khongor Sum in Darkhan Aimag, Mongolia, strategically situated on the north-south road that connects Russia, China, and all the major cities in Mongolia, including Ulaanbaatar, Sukhbaatar, Darkhan and Sainshand. The total cost of the project has been budgeted and approved by the Mongolia Ministry of Road and Transportation. Khot anticipates completion of the project in early Q4 2014. This contract marks an important initial milestone for the Company as it commences operations in the road building and infrastructure sector.
James Passin, Chairman of the Company, commented, “We are very pleased Khot has won its initial road construction contract in Mongolia. The relatively modest size and scope of this first contract is a valuable first step as it allows the Company to gear up for the much larger opportunities in this burgeoning sector.”
Real men and equipment doing real work
Map of road covered by repair contract in Khongor Sum
About Khot Infrastructure
Our goal is to become the leading Mongolian transportation contractor and the preferred choice for employees, shareholders and partners. Our focus is on high margin contracts, such as highways and regional roads. Our mission is to provide badly needed infrastructure required by one of the world’s fastest growing economies.
For more information, please visit www.khot-infrastructure.com or contact:
President and CEO
1 604 689 1515 x104
Sabino Di Paola
Chief Financial Officer
1 613 834 6513
Email: [email protected]
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