Mongolia To Spend More On Its Infrastructure
The Mongolian government, in addition to contracts concerning coal mining operations (which are controversial due to the questionable workers’ condition and other issues) throughout the country, has vowed to spend more than 1.2 trillion tögrög on its infrastructure, the equivalent to more than 1 billion U.S. dollars. Mining companies Macmahon and Operta were also given a $500 million U.S. dollar contract by the Mongolian government’s Erdenes Tavan Tolgoi company.
The ~$1 billion will specifically be used on road and railway projects starting in the year 2012 which could connect Mongolia to China and Russia through various areas such as the Gobi Desert.
Moreover, a percentage of this budget will be aimed towards increasing state workers’ wages.
The Mongolian government’s decision to market its vast reserves of natural resources such as coal has led to a boom in the industry and a skyrocketing growth in the economy.
Many are predicting that the per capita GDP of Mongolia will most likely double by the end of 2013.
As a negative side effect of the growing economy and mining industries, more and more Mongolians are forced to relocate towards the cities and mines, many working illegally under terrible conditions, while those who have roots in the tradition of herding livestock and cultivating crops are facing more difficulties.
The difficulties of daily lives for those herding livestock are made even worse by the annual “dzuds”, which has different degrees of severity, that have been recently been killing of millions of goats and other livestock while hampering crop growth which subsequently led to critically low levels in the availability of food in 2010.
The ~$1 billion will specifically be used on road and railway projects starting in the year 2012 which could connect Mongolia to China and Russia through various areas such as the Gobi Desert.
Moreover, a percentage of this budget will be aimed towards increasing state workers’ wages.
The Mongolian government’s decision to market its vast reserves of natural resources such as coal has led to a boom in the industry and a skyrocketing growth in the economy.
Many are predicting that the per capita GDP of Mongolia will most likely double by the end of 2013.
As a negative side effect of the growing economy and mining industries, more and more Mongolians are forced to relocate towards the cities and mines, many working illegally under terrible conditions, while those who have roots in the tradition of herding livestock and cultivating crops are facing more difficulties.
The difficulties of daily lives for those herding livestock are made even worse by the annual “dzuds”, which has different degrees of severity, that have been recently been killing of millions of goats and other livestock while hampering crop growth which subsequently led to critically low levels in the availability of food in 2010.
Comments
Post a Comment