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The Government of Mongolia Discusses Draft Agreement on Establishing the Gashuunsukhait-Gantsmod Cross-Border Railway www.montsame.mn
During its regular session on January 22, 2025, the Cabinet of Mongolia discussed the draft Agreement between Mongolia and the People's Republic of 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 pertinent Standing Committee of the State Great Khural.
This Agreement aims at ensuring long-term stable economic growth for the two sides, enabling the state-owned entities of the two countries to establish mutually beneficial and steady coal supply contracts, and regulating relations to increase the capacity of coal mines. Also, the Agreement 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, approved by the State Great Khural’s Resolution No. 21 of 2024, 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.
Published Date:2025-01-23
