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Ulaanbaatar takes back illegally acquired land for public use www.montsame.mn
Ulaanbaatar /MONTSAME/. Upon a 2019 ordinance issued by Ulaanbaatar city Mayor S.Amarsaikhan, several lands obtained by Ulaanbaatar Construction and Ulaanbaatar Capital, subsidiaries of Ulaanbaatar City Bank, through illegal transfer were taken to public property and are being developed to convert them into public use.
In particular, permissions for lands of a parking lot and an urban park named “Bell Park” in front of Sukhbaatar square in the center of Ulaanbaatar city have been revoked and the “Bell Park” is currently under development to have a green space and musical fountain.
Moreover, permissions gained by the Ulaanbaatar City Bank back in 2005 on lands in front of Ulaanbaatar Hotel and Independence Palace was canceled in 2019.
The Ulaanbaatar city Mayor also cancelled permissions held by Ulaanbaatar Capital Non-bank financial institution on a public park land known as “Asashoryu Park”, land in front of the State Academic Theatre of Drama and land next to the Mongolian Stock Exchange building in the east side of Sukhbaatar Square.
In line with the mayor’s decision, the abovementioned lands will remain always public and their public ownership will not be changed or transferred to private under no circumstances.
Published Date:2020-04-17
