Soft Loans to Be Provided to Enterprises Operating Year-Round Tourism www.montsame.mn
During its regular session on April 30, 2025, the Cabinet of Mongolia approved three Resolutions, “On Certain Measures to Accelerate Development of the Northern Region,” “On Certain Measures to Develop Year-Round Tourism,” and “On Certain Measures to Support the Development of Industrial and Technology Parks in the Northern Region.”
Under these Resolutions, the following actions will be taken:
Formulate a feasibility study for a thermal power plant with a capacity of no less than 50 MW to be built in Murun soum, Khuvsgul aimag.
Implement paved-road projects along the Khankh–Khatgal and Jargalant–Shine-Ider–Murun routes in Khuvsgul aimag.
Accelerate the construction of the Dashinchilen–Ulziit–Khairkhan–Rashaant–Murun paved road in Bulgan aimag, and prepare design documentation for the Khishig-Undur–Gurvanbulag to Mogod route, and the Bulgan–Murun road to Saikhan–Bayan-Agt and Gurvanbulag–Elsentasarkhai branch.
Launch a soft loan program for enterprises operating in year-round tourism, offering loans at six percent interest for up to six years.
Build new music-and-drama theatres in Bulgan and Khuvsgul aimags.
Create conditions for a direct international flight between the Republic of Korea and Murun soum in Khuvsgul aimag and upgrade the local airport to ICAO 4C standards.
Prepare a feasibility study for a Northern Region Transport and Logistics Hub.
Expand the Erdenet Science and Technology Park into a regional start-up support center.
Commence the expansion and modernisation of the Khankh–Mond border checkpoint.
Implement engineering-infrastructure projects for six local development hubs in the Northern Region through public–private partnerships.
Establish an integrated Training, Research, and Production Complex under the Mongolian University of Science and Technology (MUST) in Erdenet.
Specialize the vocational and technical schools in Orkhon, Khuvsgul, and Bulgan aimags in nature-based tourism, mining, and energy, and study the establishment of an inter-sectoral practical-training base at the Polytechnic College in Khuvsgul to deliver short-term training for infrastructure projects.
Transfer the specialised “Erdenet Medical” hospital, which is currently under the “Erdenet Mining Corporation” SOE, to the Ministry of Health to develop it as a regional cancer diagnosis and treatment sub-centre.
Secure financing for the construction of a 100-bed extension to the Bulgan Aimag General Hospital.
Conduct phased studies to designate protected areas for the freshwater resources, forests, peat bogs, and permafrost of the Lake Khuvsgul and Selenge River basins, and place them under state special protection.
Provide MNT 5.2 billion in working-capital loans to citizens whose businesses were damaged by the fire at the “Shine Murun” Trade and Service Centre in Khuvsgul aimag.
Published Date:2025-05-01