
AKIPRESS.COM - The Mongolian side requested Japan's cooperation in projects on establishing a new satellite city in the Khushig Valley, improving the infrastructure of Ulaanbaatar City, and reducing the city's air and environmental pollution and traffic congestion, Montsame reported. The country is also interested in cooperating in the project to extract hydrogen from brown coal, which is being implemented by countries including Japan and Australia.
The Mongolian government is working to accelerate three transitions, namely high-tech artificial intelligence, green development, and human resources. The country offered the Japanese government to cooperate in these endeavors.
In addition, the Japanese government decided to resume the long-term low-interest yen loan to Mongolia within the framework of the Official Development Assistance. The loan had been suspended in 2017, when Mongolia joined the International Monetary Fund Program.
The two sides agreed to prioritize the loan to expand the capacity of the Chinggis Khaan International Airport, which was jointly established by Mongolia and Japan. In addition, the parties agreed to conduct detailed studies and further discussions on utilizing the concessional loans for the planned new satellite city project in Khushig Valley, infrastructure improvements in Ulaanbaatar, and other development projects.