The opening of the Zuunbayan-Khangi railway should give a big boost to Mongolian exports and the economy | So Good News
ULAANBAATAR, Mongolia, 25 November 2022 /PRNewswire/ — The Prime Minister i MongoliaL. Oyun-Erdene, has today opened a major new rail link that will provide a significant boost to the country’s export competitiveness and wider economy as part of the government’s “new recovery policy”.
The Zuunbayan-Khangi Railway, which runs 226.9 km across southeast Mongoliaprovides an important link between the Tavantolgoi-Zuunbayan railway and the Khangi-Mandal border crossing on Mongolia–China limit.
Through a further connection to a new railway under construction on the Chinese border, the transport distance for goods across this important economic corridor will be almost halved, significantly increasing trade in minerals such as iron ore.
When construction of the Zuunbayan-Khangi railway first began in March 2022the completion of this project will lead to a rapid 30% increase in Mongolian export cargo volume, with annual cargo volumes stabilizing at around double the current level of 10.4 million tonnes from 2025, significantly increasing state budget revenues and local employment . .
The Prime Minister in a speech after the opening MongoliaL. Oyun-Erdene, said:
“The new Zuunbayan-Khangi railway was built in just eight months, through a public-private partnership investment model, and is Mongolia’s new gateway for competitive transportation of mining export products to the global market.
” Today’s opening marks a major milestone in the Government of Mongolia’s ‘New Recovery Policy’, which is focused on strengthening the country’s economy after the pandemic and doing Mongolia to a leading Asian country by 2050.”
without access to the sea, Mongolia relies on 42 dry road border points for its trade, but as of March this year only three of them were connected by railways. The implementation of this project provides a new railway crossing in the south of the country, and the ambition of the new recovery policy is to ensure that all border points are connected by roads, railways and motorways in successive stages.
180 companies and over 3,500 workers participated in the construction of the railway.
Photo – https://mma.prnewswire.com/media/1955662/The_Government_of_Mongolia_1.jpg
Photo – https://mma.prnewswire.com/media/1955663/The_Government_of_Mongolia_2.jpg
SOURCE Government of Mongolia