Workshop held on feasibility study for Altanbulag transport and logistics center projectSociety
Ulaanbaatar /MONTSAME/ On January 20, a workshop was held to carry out a feasibility study into developing Altanbulag transport and logistics center as part of the Knowledge Sharing Program implemented by the Government of the Republic of Korea. Officials led by State Secretary of the Ministry of Road and Transport Development S.Batbold, ROK Ambassador to Mongolia Lee Yeo Hong, and the program’s consultant took part in the virtual meeting.
They talked about developing a plan, finding financing sources, providing the legal framework, analyzing the data needed to carry out the feasibility study, choosing the location, conducting market analysis, the logistics center’s activities, and opportunities for expanding the center and connecting it to other centers.
The Government of Mongolia is giving increased focus to the transport and logistics center project. Mongolia’s long-term development policy ‘Vision 2050’, which was adopted by parliamentary resolution No. 52 of 2020 includes key economic development goals of ‘Ensuring rapid economic growth by establishing transit transport, trade and export-oriented industries alongside transport, logistics, and border infrastructure’ and ‘Developing agriculture, transport and logistics, and tourism by supporting regional and local development’.
Altanbulag checkpoint in Selenge aimag is one of the key border checkpoints in Mongolia. With the parliament’s ratification of an intergovernmental agreement on dry ports in 2016, the international checkpoint became one of four dry ports of Mongolia.