Minister D.Zorigt: It is true that the agreement negotiation has difficulties on finance related issues.
Working group was established by the State Great Khural, the Standing Committee on Economy, and Demparty and MPRP groups at the SGK, to amend IA on OT project, because the first draft cannot be adopted as it was. Some newspapers reported that investors wouldn’t accept the comments and findings of the working groups. Minister D.Zorigt shares his opinion on this issue.
Q: There is hearsay and some articles appeared on newspapers that investors wouldn’t accept the comments and findings of the working groups. What will be your opinion?
Minister D.Zorigt: Not exactly. The negotiation is underway. We made progress on 7-8 points and provisions. It is true that the negotiation has some difficulties on finance and funding related issues. It will be presented to the Government and the SGK.
Q: What issues are included in the finance related issues?
Minister D.Zorigt: Will the Mongolian State invest in 34% of its ownership at OT or will it own 34% without investment? This is the main issue to solve between us.
Q: What do you think about shortening the agreement term down to 15 years?
Minister D.Zorigt: We are negotiating. This comment also brought hindrance in the negotiation progress.