Minister meets CIC delegation

Minister meets CIC delegation


Ulaanbaatar /MONTSAME/. The Minister of Economic Development N.Batbayar received a delegation headed by Mr. Ding Xuedong, CEO of the China Investment Corporation (CIC) Monday, 26th May 2014. The latter expressed a willingness to make investments to the biggest projects in Mongolia. As of present, the CIC has invested USD 210 billion at international level, of which one billion has been made to Mongolia. The delegation is here to study opportunities to augment its investments. As known, the President and the PM paid last week visits to China and Russia to back with them a “Five lines” or “Steppe ways” project on building auto roads, railways, gas and oil pipelines and electricity lines, which requires huge investments. Since constructing of the Peace Bridge in Ulaanbaatar 50 years ago, Mongolia has not received from China big investments for the construction. Now, a recently adopted new law on investments gives investors a confidence that a realization of mutually beneficial projects and increase in investments have become more real and secure, the CIC head said. Source:www.montsame.gov.mn

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