THE MINISTRY OF ECONOMY AND DEVELOPMENT WILL COLLABORATE WITH THE INTERNATIONAL COOPERATION AGENCY (JICA) TO IMPLEMENT NEW PROJECTS IN LINE WITH URBAN AND RURAL RECOVERY AND FOOD SECURITY OBJECTIVES

On August 22, 2022, Mr. Kh.Batjargal, the State Secretary of the Ministry of Economy and Development met with Mr. Nakazato Taiji, Head of the East and Central Asia Department of JICA, and his delegation.

Parties exchanged detailed views on projects for the reduction of traffic congestion in the capital city, Khushig Valley Economic Free Zone development, and future cooperations.

JICA expressed its interest in further cooperation with the Government of Mongolia in the implementation of new projects in the areas of reducing traffic congestion, construction of the Khushig Valley Economic Free Zone, energy sector and food supply and security.

The parties agreed to develop the feasibility studies step by step for the "Worker's Bridge Construction Project" and "Sapporo-Bayanburd Intersection Multilevel Project" which are being evaluated to be implemented for reducing traffic congestion in Ulaanbaatar city and cooperate in the implementation of “Two-Step-Loan Project for Small and Medium-Scaled Enterprises Development and Environmental Projection- Phase III” for ensuring food supply and security.