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Current status of Mongolia, Russia,
China Economic corridor
Program, Investment research
center at the MFA
N.Chimguundari
Ambassador-at-large
Ulaanbaatar, November 12th
2018
∗ Alignment of Mongolia’s Development Program, China’s
Belt and Road initiative and Eurasian Economic Union
∗ One of the six corridors within the Belt and Road initiative
and the shortest route from Asia to Europe
∗ 32 projects to improve connectivity between Mongolia,
Russia and China by
∗ Railway
∗ Road
∗ Energy transmission lines
∗ Gas and oil pipelines
∗ High-speed internet connection
Mongolia, Russia, China
Economic Corridor Program
Six corridors of BnR
www.mfa.gov.mn
Ministry of
Foreign Affairs
of Mongolia
Railway Transit CorridorsRailway Transit Corridors
Western
Corridor
Central
Corridor
Eastern
Corridor
Northern
CorridorARTS SUURI
ERDENET
TAKASHIKEN
BULGAN
TSAGAAN
TOLGOI
ZAMIIN-UUD
ERLIAN
SUKHBAATAR
NAUSHKI SOLOVEVSK
EREENTSAV
BICHIGT
www.mfa.gov.mn
Ministry of
Foreign Affairs
of Mongolia
Road Transit CorridorsRoad Transit Corridors
AH-4
AH-3
Eastern
Corridor
KYAKHTA
ALTANBULAG
TASHANTA
ZAMIIN-UUD
ERLIAN
TAKASHIKEN
BULGAN
EREENTSAV
SOLOVEVSK
BICHIGT
ULAAN BAISHINT
PROJECT AREAS
∗ Infrastructure: 13
∗ Energy: 1
∗ Agriculture and industry: 3
∗ Border cooperation: 1
∗ Trade and customs: 4
∗ Environment: 3
∗ Education, science and humanitarian: 6
∗ Medicine: 1
∗ Total: 32
Joint Center for Investment Planning
and Projection
Investment
Research center (MFA)
Joint Center for Investment Planning
and Projection based in Ulaanbaatar
∗ Mongolia, Russia and China Economic corridor
Program was signed in June 2016 during the third
trilateral summit in Tashkent (Article 5 on the
establishment of a Joint center for Investment
Planning and projection)
∗ MOU on the creation of a trilateral mechanism to
facilitate the implementation of the MRCECP
(Joint center for Investment Planning and
projection)
Legal basis
∗ A draft document setting up the Joint /Trilateral/
center for Investment Planning and projection is
being discussed
∗ Facilitate smooth and effective implementation of the
MRCECP
∗ Serve as a Secretariat for further improvement of the
MRCECP and Trilateral cooperation
Objectives of the Joint Center for Investment
Planning and projection
∗ Overview the implementation of the MRCECP
∗ Realize or contract feasibility studies for the 32
projects of the MRCECP
∗ Conduct research and suggest more projects to be
implemented within the Economic Corridor program
∗ Serve as a focal point for private sector engagement
within the MRCECP
Roles and functions of the JCIPP
∗ The Concept of the Joint Investment Planning and
projection center is at the discussion stage.
∗ Mongolian side: MFA, Erdenes Mongol
∗ China: National Development and Reform
Commission and a state-owned company
∗ Russia: Ministry of Economy and a state-owned
company
Stakeholders from the three
countries
∗ Conduct studies to improve the list of 32 projects within
the MRCECP
∗ Propose steps to activate the implementation of the
MRCECP
∗ Study proposals from the private sectors of Mongolia,
Russia and China and take decisions on the contractor of
the project (s) of the MRCECP
∗ Create a database of the projects listed in MRCECP,
potential investors and private sector stakeholders
∗ Ensure coordination between the line ministries,
Government agencies and private sector
∗ Participate in the initial negotiations to create the Joint
Center for Investment Planning and projection
∗ Build capacity for the future JCIPP
Roles and functions of the Investment
research center (IRC)
∗ Single window for public-private cooperation
∗ Investment and financial cooperation
∗ Research, contact and choose best bidders to
conduct feasibility studies, projects
∗ Duly inform and advise the private sector about the
developments in the implementation of the MRCECP
∗ Build capacity
Engagement with private sector
Top 10 gainers from Corridor 4b (2030, against
baseline, million USD)
Top 10 gainers from Corridor 4b (2030, against baseline,
million USD)
Region Country Agri Auto Text Food OthM Svs Mining Total
1
Beijing China 0.0 140.5 108.8 54.9 -20.1 -8.4 16.4 291.4
2
Shanghai China -0.1 121.3 112.1 26.2 -86.3 -3.5 5.0 170.7
3
Tianjin China 0.0 74.1 94.2 26.4 -25.9 -5.2 7.3 170.0
4
Guangzho
u
China -0.1 76.2 71.8 31.5 -6.8 -5.7 15.7 165.5
5
Suzhou
Jinagsu
China 0.0 58.4 117.6 9.6 -56.8 -1.2 2.3 128.1
6
Wuxi China 0.0 47.7 105.6 7.7 -43.4 -1.2 1.8 117.0
7
Moscow
City
Russia -0.1 13.7 2.8 46.3 32.5 -8.9 17.3 101.9
8
Ulaanbaat
ar
Mongolia 0.0 0.0 10.5 27.8 9.6 21.0 33.4 101.6
9
Hangzhou China 0.0 44.4 60.9 10.1 -19.5 -2.5 1.5 94.2
10
Puyang China -0.1 94.3 1.2 0.9 -1.5 -4.0 1.4 92.1
Source: Economic Impacts of Economic Corridors in Mongolia: An Application of IDE-GSM
THANK YOU FOR YOUR ATTENTION

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N. Chimguundari economic corridor and investment research center Nov 12

  • 1. Current status of Mongolia, Russia, China Economic corridor Program, Investment research center at the MFA N.Chimguundari Ambassador-at-large Ulaanbaatar, November 12th 2018
  • 2. ∗ Alignment of Mongolia’s Development Program, China’s Belt and Road initiative and Eurasian Economic Union ∗ One of the six corridors within the Belt and Road initiative and the shortest route from Asia to Europe ∗ 32 projects to improve connectivity between Mongolia, Russia and China by ∗ Railway ∗ Road ∗ Energy transmission lines ∗ Gas and oil pipelines ∗ High-speed internet connection Mongolia, Russia, China Economic Corridor Program
  • 4. www.mfa.gov.mn Ministry of Foreign Affairs of Mongolia Railway Transit CorridorsRailway Transit Corridors Western Corridor Central Corridor Eastern Corridor Northern CorridorARTS SUURI ERDENET TAKASHIKEN BULGAN TSAGAAN TOLGOI ZAMIIN-UUD ERLIAN SUKHBAATAR NAUSHKI SOLOVEVSK EREENTSAV BICHIGT
  • 5. www.mfa.gov.mn Ministry of Foreign Affairs of Mongolia Road Transit CorridorsRoad Transit Corridors AH-4 AH-3 Eastern Corridor KYAKHTA ALTANBULAG TASHANTA ZAMIIN-UUD ERLIAN TAKASHIKEN BULGAN EREENTSAV SOLOVEVSK BICHIGT ULAAN BAISHINT
  • 6. PROJECT AREAS ∗ Infrastructure: 13 ∗ Energy: 1 ∗ Agriculture and industry: 3 ∗ Border cooperation: 1 ∗ Trade and customs: 4 ∗ Environment: 3 ∗ Education, science and humanitarian: 6 ∗ Medicine: 1 ∗ Total: 32
  • 7. Joint Center for Investment Planning and Projection Investment Research center (MFA) Joint Center for Investment Planning and Projection based in Ulaanbaatar
  • 8. ∗ Mongolia, Russia and China Economic corridor Program was signed in June 2016 during the third trilateral summit in Tashkent (Article 5 on the establishment of a Joint center for Investment Planning and projection) ∗ MOU on the creation of a trilateral mechanism to facilitate the implementation of the MRCECP (Joint center for Investment Planning and projection) Legal basis
  • 9. ∗ A draft document setting up the Joint /Trilateral/ center for Investment Planning and projection is being discussed ∗ Facilitate smooth and effective implementation of the MRCECP ∗ Serve as a Secretariat for further improvement of the MRCECP and Trilateral cooperation Objectives of the Joint Center for Investment Planning and projection
  • 10. ∗ Overview the implementation of the MRCECP ∗ Realize or contract feasibility studies for the 32 projects of the MRCECP ∗ Conduct research and suggest more projects to be implemented within the Economic Corridor program ∗ Serve as a focal point for private sector engagement within the MRCECP Roles and functions of the JCIPP
  • 11. ∗ The Concept of the Joint Investment Planning and projection center is at the discussion stage. ∗ Mongolian side: MFA, Erdenes Mongol ∗ China: National Development and Reform Commission and a state-owned company ∗ Russia: Ministry of Economy and a state-owned company Stakeholders from the three countries
  • 12. ∗ Conduct studies to improve the list of 32 projects within the MRCECP ∗ Propose steps to activate the implementation of the MRCECP ∗ Study proposals from the private sectors of Mongolia, Russia and China and take decisions on the contractor of the project (s) of the MRCECP ∗ Create a database of the projects listed in MRCECP, potential investors and private sector stakeholders ∗ Ensure coordination between the line ministries, Government agencies and private sector ∗ Participate in the initial negotiations to create the Joint Center for Investment Planning and projection ∗ Build capacity for the future JCIPP Roles and functions of the Investment research center (IRC)
  • 13. ∗ Single window for public-private cooperation ∗ Investment and financial cooperation ∗ Research, contact and choose best bidders to conduct feasibility studies, projects ∗ Duly inform and advise the private sector about the developments in the implementation of the MRCECP ∗ Build capacity Engagement with private sector
  • 14. Top 10 gainers from Corridor 4b (2030, against baseline, million USD) Top 10 gainers from Corridor 4b (2030, against baseline, million USD) Region Country Agri Auto Text Food OthM Svs Mining Total 1 Beijing China 0.0 140.5 108.8 54.9 -20.1 -8.4 16.4 291.4 2 Shanghai China -0.1 121.3 112.1 26.2 -86.3 -3.5 5.0 170.7 3 Tianjin China 0.0 74.1 94.2 26.4 -25.9 -5.2 7.3 170.0 4 Guangzho u China -0.1 76.2 71.8 31.5 -6.8 -5.7 15.7 165.5 5 Suzhou Jinagsu China 0.0 58.4 117.6 9.6 -56.8 -1.2 2.3 128.1 6 Wuxi China 0.0 47.7 105.6 7.7 -43.4 -1.2 1.8 117.0 7 Moscow City Russia -0.1 13.7 2.8 46.3 32.5 -8.9 17.3 101.9 8 Ulaanbaat ar Mongolia 0.0 0.0 10.5 27.8 9.6 21.0 33.4 101.6 9 Hangzhou China 0.0 44.4 60.9 10.1 -19.5 -2.5 1.5 94.2 10 Puyang China -0.1 94.3 1.2 0.9 -1.5 -4.0 1.4 92.1 Source: Economic Impacts of Economic Corridors in Mongolia: An Application of IDE-GSM
  • 15. THANK YOU FOR YOUR ATTENTION