Follow us:
Change language: English

Change language:

Broadcast 22-12-2024
Англи

Latest news

Mongolia builds regional logistics facility


Oyundelger 2017-01-18 11:01

The Government of Mongolia, supported by the Asian Development Bank (ADB), is building a high-tech, multimodal logistics facility in Zamyn Uud on the southeast border with the People’s Republic of Chi

Mongolia builds a regional logistics facility. The Government of Mongolia, supported by the Asian Development Bank (ADB), is building a high-tech, multimodal logistics facility in Zamyn Uud on the southeast border with the People’s Republic of China. The facility will have modern customs and quarantine facilities and road-and-rail access, which will help reduce transit times, expand capacity, and help expand and speed up trade of Mongolia, and increase its global competitiveness. In recent years, Zamyn Uud has come to serve as the gateway for Mongolia’s sharply rising trade with the PRC, handling more than 80% of imports coming from the PRC. The bulk of exports from Mongolia also pass through the same border point on the way to Tianjin port in the PRC. The growth in traffic has rapidly outstripped existing facilities, creating lengthy delays in trade and traffic movements—shipments to the capital Ulaanbaatar now require 50–60 days. The new facility will address these acute delays and facilitate faster border crossing times. The development of the facility will also create livelihood opportunities in the service sector for poor, rural herders living in areas surrounding the center, as well as opening up prospects for public–private partnerships and private investment in other transport-related infrastructure.

 

Views: 980