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Events
Ongoing Negotiations on the Gashuunsukhait-Gantsmod Railway Project Presented www.montsame.mn
At the regular session of the Cabinet of Mongolia on November 13, 2024, Minister of Industry and Mineral Resources of Mongolia Tuvaan Tsevegdorj presented updates on the ongoing negotiations on the Gashuunsukhait-Gantsmod Cross-Border Railway Project.
During his working visit to the Republic of China in October 2024, Prime Minister of Mongolia Oyun-Erdene Luvsannamsrai met with representatives from the “China Energy” Group, led by its Chairman of the Board of Directors. In response to Premier Oyun-Erdene’s request made at the meeting, the “China Energy” Group officially submitted its position to Tuvaan Tsevegdorj, Head of the Mongolian side of the Working Group, on October 28, 2024. The submission included several key proposals, including legal stability, guaranteed conditions for achieving mutual benefits, long-term trade agreements, and railway connectivity.
The Gashuunsukhait-Gantsmod Cross-Border Railway Project is ranked first among the 14 megaprojects outlined in the Mongolian Government’s Action Plan for 2024-2028. Certain amendments to the existing laws and regulations are required to ensure the successful implementation of the Project. In this regard, a Working Group is preparing to amend the relevant laws and regulations.
The successful implementation of the Gashuunsukhait-Gantsmod Cross-Border Project would create conditions for the realization of other railway projects, such as the Khangi-Mandal, Shiveekhuren-Sekhe, and Bichigt-Zuunkhatavch. Moreover, the Project could potentially increase Mongolia’s coal exports to 120 million tons and boost the country’s GDP per capita to USD 10 thousand.
Published Date:2024-11-14
