Prime
Minister S.Batbold has assured Mongolian companies that the Government would
encourage their participation in the Tavantolgoi project. Over 1,550
companies  have come together to form Mongolia
999+” and yesterday the Mongolian National Chamber of Commerce and Industry
presented him their business plan to work on the project. Receiving the
proposal, Batbold said the entire issue of participation of national companies will
be discussed at the National Security Council and the final decision will be taken
by Parliament. “We are striving to promote the interests of not just a few
companies but of all our 2.7 miilion people,” he told the MNCCI team.

The
present proposal divides Tavantolgoi into six sections and every section will
have both Mongolian and foreign companies. The national business entrepreneurs
who jointly developed the plan with the MNCCI include MCS Holdings, Oyunii
Undraa Group, Nomin Holding Group, Naran Trade Group, Sergen Mandalt Group,
Erel Group, Bridge Group, Monos Group, CFC Group, Sodmongol Group, Mongol
Daatgal, Vitafit, Gan Khiits, Itgelt Audit, Material Impex, Eermel, Golomt Bank,
Xas Bank, Khan Bank, and MAK Corporation. 
It also includes NGOs such as the Mongolian Association of
Mining-Enrichers and Coal Association.

The
team which called on the Prime Minister included S.Demberel, chairman of MNCCI,
B.Erdenebat, president of Erel Group, Sh.Bayarsaikhan, president of Nomin Holding,
Tumurchuluun, president of  Sergen Mandalt
Group, S.Amarsaikhan, executive director of Oyunii Undraa, Davaasuren, director
of Gan Khiits, S.Boldkhet of Naran Trade Group, and Batsaikhan of Khan Bank.

Their
plan includes development of an industrial complex, a plant to produce liquid
fuel from coal, a power plant, infrastructure and construction of 30,000
household apartments in Ulaanbaatar.