Mongolia’s participation in Eurasian economic corridor discussed
EconomyUlaanbaatar /MONTSAME/ Trade and land transport flow that link Europe and China is creating Eurasian economic corridor. It is bringing new opportunities to countries such as Mongolia, Andrei Mikhnev, the World Bank’s Country Manager for Mongolia emphasized during the opening of international meeting themed ‘Mongolia’s participation in Eurasian economic corridor’ that took place on December 3 at Shangri-La hotel.
“The recent World Bank report on economic condition of ‘Belt and
Road’ Initiative reveals that the initiative opens many opportunities to number
of countries while exposing risks,” he said.
The international meeting touched Asian highway network that will connect
Eurasian economic corridor. “In 2016, an intergovernmental agreement on
transit transportation through the Asian highway network was signed between
Mongolia, Russia and China in Moscow. This was the first agreement, which was
established within the framework of the project on establishment of economic
corridor between the three countries. In the framework of the
aforementioned agreement, the sides successfully experimented transit transport
in route Tianjin-Ulaanbaatar-Ulan-Ude or a route of Asian Highway 3 in August
2016. Currently, Mongolian companies are conducting transport to Tianjin,
China,” said S,Batbold, State Secretary of the Ministry of Road and Transport
Development.
To ensure preparation
of the transport, a joint committee on transport was set up in July 2019 and
exchanged permission documents, which are required to conduct transport. As a
result of it, legal framework has been created to launch the highway transit
transport within the routes of AH-3 and AH-4 between the three countries.
“Maintenance works on Asian Highway 3 has not been completed while 25.8 km road
will be built next year within AH-4. By doing so, the construction and maintenance
works will be fully completed, fully ensuring conditions for conducting transit
transport between the three countries. Transport companies of our country got
their permission and started their transportation to Tianjin,” he added.
Asian Highway 3 is in
route from Tianjin, China, through Zamyn-Uud border checkpoint-
Sainshand-Ulaanbaatar-Altanbulag of Mongolia to Ulan-Ude, Russia. Whereas Asian
Highway 4 is a route, which runs from Novosibirsk, Russia via Bulgan and
Tsagaannuur border checkpoints of Mongolia and Urumqi, China to Karachi,
Pakistan.