KWG Resources Inc. has entered a framework strategic cooperation agreement with China Railway First Survey & Design Institute Group Co., Ltd. (FSDI). Pursuant to the strategic cooperation agreement, the parties have also executed a conditional bankable feasibility study consultation service agreement (BFSCS).
Under terms of the BFSCS the parties have agreed on the deliverables and timetable for FSDI to complete a conditional bankable feasibility study on a railroad from the mineral properties in Ontario’s Ring of Fire to a junction with the CN Railroad at Exton, Ontario.
The study will include, among other things, traffic volume estimates, corridor alignment identification, transportation/operating plan, track design parameters and recommended design, bridge and culvert design parameters and recommended design, yard and siding design parameters and recommended design, rolling stock evaluation, signalling system functional design and specification, electrical power supply design and specification, construction schedule, financial and economic analysis and financing strategy and environmental impact assessment and mitigation plan
The BFSCS contemplates that the conditional bankable feasibility study will be completed by the end of 2016.
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