Ulaanbaatar
Draft Resolution on Strategically Important Projects Submitted to the Parliament
Politics
Ulaanbaatar, December 26, 2024 /MONTSAME/. On December 25, 2024, Prime Minister of Mongolia Oyun-Erdene Luvsannamsrai submitted Draft Resolutions on Approving the Guidelines for Concluding an Agreement between the Government of Mongolia and the Government of the People's Republic of China on the Implementation of the Gashuunsukhait-Gantsmod Cross-Border Railway Project and the Replacement of State Ownership and Amount of Strategically Important Mineral Deposits to Chairman of the State Great Khural of Mongolia Amarbayasgalan Dashzegve. These two projects are included in the 14 mega projects outlined in the 2024-2028 Action Plan of the Government of Mongolia approved by the State Great Khural's Resolution No. 21 in 2024. During the official visit of the President of Mongolia to the French Republic, a protocol of negotiations of the Working Group on the draft of the Investment Agreement was signed in October 2023 between the Government of Mongolia and the “Orano Mining” Company. The approval of this Resolution is expected to facilitate the establishment of an investment agreement for the utilization of the Zuuvch-Ovoo and Dulaankhuu uranium deposits, thereby enabling the implementation of the Mongolia-France joint uranium project. The construction of the Gashuunsukhait-Gantsmod cross-border railway between the Governments of Mongolia and the People’s Republic of China is of strategic importance, as it will enhance trade, economic, and regional cooperation, and stimulate joint efforts in the mineral, industrial, and infrastructure sectors between the two countries.
