Mongolia|economy|January 23, 2025 / 09:43 AM
Cabinet of Ministers discusses draft agreement on constructing Gashuunsukhait-Gantsmod cross-border railway

AKIPRESS.COM - The Cabinet of Mongolia discussed the draft agreement between Mongolia and China on cooperation in increasing the coal trade and the capacity of the Tavan Tolgoi coal mine and establishing the Gashuunsukhait-Gantsmod cross-border railway and decided to deliberate it with the Standing Committee on January 22, Montsame reported.

This agreement will ensure long-term stable economic growth for the two sides, enable the state-owned entities to establish mutually beneficial and steady coal supply contracts, and regulate relations to increase the capacity of coal mines.

The document is expected to boost Mongolia's coal production and exports and intensify the implementation of the Law on Mongolia's Sovereign Wealth Fund, providing an opportunity for the Mongolian people to equitably and fairly benefit from the country's mineral resources.

The government of Mongolia's 2024-2028 Action Program outlines the implementation of 14 mega-projects. The first project reflected in the program is the construction of cross-border railway and cargo terminals at the Gashuunsukhait-Gantsmod, Khangi-Mandal, and Shiveekhuren-Sekhee border points.

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