New in­vest­ment cen­ter to be opened through eco­nomic cor­ri­dor pro­gram

The UB Post - - FRONT PAGE - By T.BAYARBAT

Dur­ing its weekly meet­ing on Wed­nes­day, Cab­i­net agreed to es­tab­lish an in­vest­ment cen­ter un­der the Min­istry of For­eign Af­fairs, which will sup­port projects through an eco­nomic cor­ri­dor pro­gram be­ing car­ried out by Rus­sia, China and Mon­go­lia.

Un­der the eco­nomic cor­ri­dor pro­gram, the sides are set to im­ple­ment 32 projects in the ar­eas of ur­ban plan­ning, in­fra­struc­ture, en­ergy, en­vi­ron­ment, tourism and agri­cul­tural co­op­er­a­tion.

The main re­spon­si­bil­i­ties of the in­vest­ment cen­ter are to carry out fea­si­bil­ity stud­ies; make rec­om­men­da­tions for project ex­ecu­tors to meet the three coun­tries’ laws and reg­u­la­tions; and con­duct en­vi­ron­men­tal sur­veys for in­fra­struc­ture, ports, free­trade zones and ur­ban plan­ning to meet in­ter­na­tional stan­dards and Mon­go­lian laws, res­o­lu­tions and stan­dards.

Act­ing Min­is­ter of For­eign Af­fairs Ts.Munkh-Orgil was in­structed to lay down the op­er­a­tional prin­ci­ple and struc­ture of the cen­ter, and to hire ex­pe­ri­enced of­fi­cials from min­istries, agen­cies and other state or­ga­ni­za­tions to help the cen­ter in car­ry­ing out projects.

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