B.Bataya is re-appointed as the Head of the Mongolian Railway

Today, B.Batzaya, former Head of the Mongolian Railway, was re-appointed by the State Property Committee. He was previously sacked by Mr. Zayabal,  charge de affair of Chairman of the State Property Committee. B.Batzaya sued against this decision and the related court resolved the decision in favour of B.Batzaya. Hence the State Property Committee re-appointed him […]

"Confidential" Agreement made by the former Minister Battulga is revealed

MP. Khurelbaatar, Chairman of the Cabinet Secretariat of the Government of Mongolia, has confirmed that “secret” agreement, made between Korean side, by MP Battulga, during his service at the Government of Mongolia in charge of Infrastructure, Construction and Urban Development. The agreement was made on the new development of the Mongolian Railway network in the […]

Government Approves Legislation Regarding the Financial Cooperation between Mongolia and Austria

The Government has approved of a legislation regarding the Financial Cooperation Agreement between Mongolia and the Republic of Austria, and will present it to the Parliament. The agreement will last 2 years and will allow Mongolia to receive up to 40 million euros in loan to spend on specific state departments. Also, a legislation regarding […]

New Railway Project is spurred by the Cabinet

During the regular Cabinet Meeting, MP Kh.Battulga, Minister for Road, Transport, Construction and Urban Development, made presentation on “New railway” project progress and initial financing. Cabinet Meeting instructed Board Directors of Development Bank to transfer the necessary fund for the feasibility study, geological and geodesy and environmental impact evaluation and earth work of the project. […]

Mongolia mulls listing of rail stake in Hong Kong

Mongolia is considering a Hong Kong listing of its rail-building firm in a bid to help finance its $5 billion railway plan, the South China Morning Post reported on Friday. Mongolia Railways, the rail-builder owned by the Mongolian government, is planning a domestic initial public offering before turning abroad, pending parliament approval, the paper wrote, […]