Cabinet plans privatising MIAT and other key state assets www.news.mn
Earlier today, the Mongolian Cabinet discussed privatisation of certain key state entities.
The cabinet has approved a plan to privatise over 18 state-owned enterprises including 49 percent of MIAT, the State Bank, the Mongolian Stock Exchange, Telecom Mongolia, the Information and Communication Network, the Mongolian Commodity Exchange and the Mongolian Securities Clearing House. In addition, 20 highway maintenance companies operating in the provinces will be privatized. The proposal will now be discussed by parliament.
However, the cabinet decided to postpone and reconsider the privatisation of 30-40 percent of Thermal Power Plants III and IV, which are strategically important for Ulaanbaatar, the world's coldest capital, and the lives of the people who live there.