Speaker says Oyutolgoi agreement needs changes
In his speech at the opening of the autumn session of Parliament on Monday, Speaker D.Demberel stated his “strong” support for renegotiating the Oyutolgoi development agreement.
He said, “We must consider increasing the Government’s share up to 50 percent.” The current agreement, ratified two years ago, gives the government a 34 percent stake in the project. A group of MPs has said the agreement “must be changed,” and demanded that the government’s share be increased.
In his speech, D.Demberel also outlined the agenda for the autumn session. It includes a draft law on the election, amendments to the constitution, the 2012 draft budget, and a package of laws dealing with judicial matters and property rights.
He said, “We must consider increasing the Government’s share up to 50 percent.” The current agreement, ratified two years ago, gives the government a 34 percent stake in the project. A group of MPs has said the agreement “must be changed,” and demanded that the government’s share be increased.
In his speech, D.Demberel also outlined the agenda for the autumn session. It includes a draft law on the election, amendments to the constitution, the 2012 draft budget, and a package of laws dealing with judicial matters and property rights.
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