From the Editor: THE ROLE OF THE MINING SECTOR IN THE BUDGET HAS EXPANDED
The government has completely replaced the management of the Erdenes Tavantolgoi company and started fighting the “coal thieves”, as they call it. It has also received a new export railroad on 25 November. The 226.9-km Zuunbayan-Khangi railway was completed by the private sector within eight months and is being commissioned just a month behind schedule. This railway, built with parallel wide and narrow-gauge tracks, is expected to start exporting products already this year and could carry 20-25 million tonnes in the second half of 2024. The 233.6-km Tavantolgoi-Gashuunsukhait railway, which was opened in September this year, did not transport any coal. Mongolian coal will be exported to China in three years, when the railway connection at the border is completed. As part of the New Revival Policy, Parliament Resolution No. 106 on the construction of export railways in three directions was issued on 30 December 2021. Prime Minister L. Oyun-Erdene is delighted that border points are being connected by rail in stages, implementation of the Western and Eastern Vertical Railways projects has intensified, and some projects have already been completed and began operating. “If the construction of export railways proceeded at the current pace, Mongolia would not have the burden of foreign debt, its economic potential would reach 100 trillion MNT, its gross domestic product per capita would be $10,000 and there would be a dramatic change in the quality of life of citizens,” he said with some sarcasm from the podium at the railway opening ceremony.