Mongolian Economy and Finance

ULAN BATOR, Sept. 18 (Xinhua) -- Mongolia signed an agreement on Friday to build a hydropower plant in the western part of the country with Chinese companies, according to Mongolia's energy ministry. The Power Construction Corporation of China (PowerChina), along with PowerChina Chengdu Engineering Corp Ltd, will build the Erdeneburen hydropower plant on Khovd River in the Erdeneburen soum (administrative subdivision) of Khovd province in the coming five years, with a soft loan from the Chinese government, the Ministry of Energy said in a statement. The 90-megawatt hydropower plant is considered crucial to ensuring long-term energy supplies to western Mongolia and laying the foundation for the development of renewable energy in the region.

Mongolia is being urged to take steps to include water resource considerations when planning energy and mining developments.

By MICHELLE BOROK

A new airport has been planned to be located in Khusigt valley as a result of the long expectation extension of Chinggis Khaan International Airport in Ulaanbaatar City.

This year, the centers of six provinces are set to be connected to Ulaanbaatar with paved roads.

With the hopes of constructing world standard roads in Mongolia, Nascon Group LLC, has introduced NASCON technology (Nano Soil Consolidation).

Here is brief information for our readers regarding the development projects that are to be completed within 2013 and to begin in 2014 according to Undesnii Shuudan Newspaper.

A blueprint of the new international airport to be built in Khushigtiin khundii by 2016 was approved. Japanese Mistubishi-Chiyoda was selected as the plans project coordinator.

TOKYO (AP) — Mitsubishi Corp. and Chiyoda Corp. have agreed to build a new airport for the Mongolian capital Ulan Bator, the latest in a flurry of overseas infrastructure deals for Japanese contractors.

ULAN BATOR, April 30 (Xinhua) -- Chinese companies have started construction on a highway from Mongolia's border city of Zamiin-Uud to the East Gobi provincial capital of Sainshand to help boost trade between China and Mongolia.

Mongolia’s Central Bank Governor Naidansuren Zoljargal and Randolph Koppa, president of the Trade & Development Bank of Mongolia LLC, discuss the country’s economy, competitiveness and direct foreign investment.

The drone of traffic created a constant roar on U.S. Highway 93 early Monday as a delegation of Mongolian government officials joined scientists in climbing an earthen bank spanning the roadway.

April 1 (InfoMongolia) On March 30, 2013, the Government of Mongolia held its regular Cabinet of Ministers' meeting, where in the frameworks of implementation the Action Plan, six centers of Bayankhongor, Dornod, Dornogovi, Dundgovi, Umnugovi andKhuvsgul Aimags (Provinces) were resolved to be connected with paved road to the capital city of Ulaanbaatar in 2013.

Prime Minister Norov Altankhuyag gave the order to intensify construction work to extend the bottleneck transportation load at Zamiin-Uud border crossing and to complete the customs control complex.

The Mongolian government is planning to build a $3.5 billion cross-country highway stretching from its border with Russia to Zamyn-Uud on the Chinese frontier, reported Bloomberg on Monday, citing Mongolia’s state-run news agency Montsame.

Mongolia plans to build a $3.5 billion cross-country highway between its Russian and Chinese borders, state-run news agency Montsame reported.

A new World Bank report investigated why Mongolia's citizens have not yet to enjoy the benefits from its prospering mining industry.

February 27 (World Bank Blog) Financed by the mining boom, government spending on new infrastructure in Mongolia has increased 35-fold in the past 10 years.

The centres of provinces to be connected with paved asphalt with Ulaanbaatar

The Government plans to provide road network connectivity between Ulaanbaatar City and 21 aimag centers by 2016.