August 2, 2018
S P O N S O R 

Shiveekhuren-Ceke railway to be commissioned in 2019


During its regular session on August 1, the Cabinet instructed relevant ministers to take measures concerning the construction of the 13 kilometer Shiveekhuren-Ceke port railway to be completed by the end of 2019. It was decided that structural construction of the port railway will begin in the third quarter of 2018. Officials hope that the railway will create new opportunities to export mining products from Nariinsukhait as port entry capacity will increase three-fold and transportation cost will decrease. Currently, coal trucks transport 10 million to 15 million tons of coal through the port annually. It is predicted that this number will rise to 25 million tons once the railway is opened.

Keywords: export, coal transportation, Nariinsukhait   The National Post /page 2/

Cabinet allots 1.8 billion MNT from its reserve fund for flood damage repairs  


According to officials’ reports, flooding damages in Bayan-Ulgii Province totaled 15.6 billion MNT. At its regular session on August 1, the Cabinet decided to allocate 468 million MNT of the needed 540 million MNT for flood damage relief in Bayan-Ulgii Province from the Government Reserve Fund. The remaining 72 million is to be allocated from local reserve funds. A total of 116 kilometers of paved road has been broken down in several provinces after heavy downpours across the country. Cabinet members voted to assign 1.3 billion MNT for road repairs from the Government Reserve Fund.

Keywords: disaster management, flood damages   Daily News /page 4/


Bank of Mongolia buys 2132 kilograms of gold in July


The Bank of Mongolia reported that it purchased 2132 kilograms of gold in July, thus bringing the total amount of gold, which the central bank bought from the beginning of 2018, to 9.34 tons of gold. This figure represents an increase of 4 percent compared to the same period in 2017, according to the Bank of Mongolia. As of July 2018, an average price per gram of gold amounted to 97883.5 MNT.

Keywords: gold purchase, central bank   The Century News /page 5/

online story  

3000 students of Health Sciences University to welcome upcoming academic year on new campus


Health Sciences University of Mongolia announced that its 3000 students will start their upcoming academic year on a new campus located in Amgalan, Bayanzurkh district. The new campus will consist of six separate buildings. The construction commenced in April 2016 and educational buildings have been finished so far. The total budget for the campus is 234.8 billion MNT. The Government of Japan contributed 174.4 billion MNT in a form of aid, while 14.3 billion MNT has been allocated from the state budget for the campus. The University invested 20.8 billion MNT from its operational revenue, as well as raised 11 billion MNT from donors and investors. Officials informed that the construction of the campus will be completed in 2020.

Keywords: campus development, Health Sciences University

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The American Chamber of Commerce in Mongolia · 8F Naiman Zovkhis Building 21 Seoul Street · Ulaanbaatar, 01 14251 · Mongolia