1 CENTRAL BANK INTRODUCES NEW RESERVE RULE FOR FOREIGN BORROWING WWW.MONTSAME.MN PUBLISHED:2026/05/27      2 CONSUMER LOAN DEFAULTS STABILIZE IN RECENT MONTHS WWW.MONTSAME.MN PUBLISHED:2026/05/27      3 GOVERNMENT APPROVES MAJOR RESTRUCTURING OF ERDENES MONGOL WWW.MONTSAME.MN PUBLISHED:2026/05/27      4 CAPITAL MARKETS MONGOLIA SUCCESSFULLY HOSTS INAUGURAL MONGOLIA INVESTMENT FORUM IN SHANGHAI WWW.CAPITALMARKETS.MN PUBLISHED:2026/05/27      5 NATIONAL GREEN LAB SHORTLISTS TOP PROJECTS FOR COP17 WWW.MONTSAME.MN PUBLISHED:2026/05/27      6 MONGOLIA INTRODUCES IDENTIFICATION SIGNS FOR PREGNANT WOMEN WWW.XINHUANET.COM PUBLISHED:2026/05/27      7 ROAD CONSTRUCTION FOR COP-17 TO BE COMPLETED BY JULY 1 WWW.GOGO.MN PUBLISHED:2026/05/27      8 B.PUREVDAGVA APPOINTED GOVERNOR OF THE CAPITAL CITY AND MAYOR OF ULAANBAATAR WWW.GOGO.MN PUBLISHED:2026/05/27      9 INTERIM TRADE AGREEMENT TO DIVERSIFY EXPORT STRUCTURE, MARKETS WWW.MONTSAME.MN PUBLISHED:2026/05/27      10 TOWARD A US-MONGOLIA CRITICAL MINERALS PARTNERSHIP WWW.NATIONALINTEREST.ORG PUBLISHED:2026/05/26      "РИО ТИНТО"-ТОЙ ХЭЛЭЛЦЭЭ ХИЙХТЭЙ ЗЭРЭГЦЭН Г.ДАМДИННЯМ ЗЭСИЙН АМНАТ-ИЙГ БУУРУУЛАХ ХУУЛЬ ЗҮТГҮҮЛЛЭЭ WWW.EGUUR.MN НИЙТЭЛСЭН:2026/05/27     “ЭРДЭНЭТ ҮЙЛДВЭР” ТӨҮГ-Т АЖИЛЛАЖ БАЙХДАА ИХ ХЭМЖЭЭНИЙ ХАХУУЛЬ АВСАН ХЭРГИЙГ ШҮҮХЭЭР ШИЙДВЭРЛЭЖЭЭ WWW.EAGLE.MN НИЙТЭЛСЭН:2026/05/27     "ЭРДЭНЭС ОЮУ ТОЛГОЙ" КОМПАНИЙГ Б.ТЭЛМҮҮН УДИРДАНА WWW.ITOIM.MN НИЙТЭЛСЭН:2026/05/27     Б.ДАВААДАЛАЙ: "ЭРДЭНЭС МОНГОЛ НЭГДЭЛ" НЭРЭЭ ӨӨРЧИЛЖ, ХӨРӨНГӨ УДИРДАХ ЧИГЛЭЛД ТӨВЛӨРНӨ WWW.ITOIM.MN НИЙТЭЛСЭН:2026/05/27     УС, ДУЛААНЫ ТӨЛБӨРӨӨ ТӨЛДӨГГҮЙ ӨРХИЙН МЭДЭЭЛЛИЙГ ЗЭЭЛИЙН МЭДЭЭЛЛИЙН САНД БҮРТГЭНЭ WWW.ITOIM.MN НИЙТЭЛСЭН:2026/05/27     ЗҮТГҮҮРИЙН ЦАХИЛГААН ХӨДӨЛГҮҮРИЙГ МОНГОЛДОО ЗАСДАГ БОЛЛОО WWW.GOGO.MN НИЙТЭЛСЭН:2026/05/27     БАНКНЫ САЛБАР ГАДААД ЗАХ ЗЭЭЛЭЭС УРТ ХУГАЦААТ ЭХ ҮҮСВЭР ТАТАХЫГ ДЭМЖИХ ШИЙДВЭР ГАРГАВ WWW.EGUUR.MN НИЙТЭЛСЭН:2026/05/27     МАНАЙ УЛС АМИА ХОРЛОЛТЫН ТООГООР ДЭЛХИЙД ХОЁРТ ЭРЭМБЭЛЭГДЖЭЭ WWW.ITOIM.MN НИЙТЭЛСЭН:2026/05/27     ЗӨВЛӨМЖ: НАС БАРСАН ИРГЭНИЙ 1072 ХУВЬЦААГ ӨВЛҮҮЛЖ, НОГДОЛ АШИГ АВАХ 5 АЛХАМ, БУСАД ЗААВАРЧИЛГАА WWW.ITOIM.MN НИЙТЭЛСЭН:2026/05/27     БАНКНЫ САЛБАР 2.5 ИХ НАЯД ТӨГРӨГИЙН НОГООН ЗЭЭЛ ОЛГООД БАЙНА WWW.MONTSAME.MN НИЙТЭЛСЭН:2026/05/27    
Англи амин дэм Монгол улсад албан ёсоор бүртгэгдлээ.

The tale of the fountain and the car park www.news.mn

Sukhbaatar Square is the veritable heart, not only of the capital Ulaanbaatar, but of the whole of Mongolia. It is the site of “point zero” from where all distances are measured, the equestrian statue of D.Sukhbaatar, the founder of the modern Mongolian state – in the past his mausoleum was also here – and is dominated by the State Palace, with its imposing statue of Chinggis Khaan. It is here that official visitors are brought, it is here that the New Year is rung in, and it is here that school children, newly-weds and young soldiers come to pay homage to the great khaan and celebrate, simply, ‘being Mongolian.’

Thirteen years ago, a contract was signed, for a beautiful fountain and underground car park for visitors. This was to be located at the south end of the square. The water shooting into the blue Mongolian sky, however, there is not; just an ugly car park for all to see.

The 2006 agreement was drawn up by the Ulaanbaatar City Administration who gave the 2.5 hectares to the ‘UB Construction’ on a 15-year-lease on the condition that they would build the underground car part and the fountain. All the company did was use the land for the paid car park.

The UB City Administration’s patience has been tried to the extreme: ‘UB Construction’ should have paid 30 percent of all parking revenue – they didn’t; worse still, the firm received USD 9.5 million (equivalent to current rate MNT 22.5 billion) from a bank by using the land as collateral.

Earlier today (23 April), S.Amarsaikhan, the new mayor of Ulaanbaatar, did what many consider should have been done long ago; he suspended ‘UB Construction’s’ rights to own the land.

The Mayor also announced that the fountain will finally be constructed on the site and will be financed by the UB Budget.



Published Date:2019-04-23