The government
yesterday reviewed the preparatory work so far for establishing the Sainshand industrial
complex and asked Ch.Khurelbaatar, Head of the Cabinet Secretariat, to suitably
amend the related laws and resolutions so that further progress is possible. He
was asked to create conditions so that national entrepreneurs get adequate
opportunity to participate in this and similar projects. The Head of the
National Committee of Development and Reform, Ch.Khashchuluun, was directed to
select general and legal advisors for the project. The Sainshand industrial
complex is planned to have coking coal plants, a copper smelter, an iron and
steel plant, factories to produce construction material, and a petroleum
refinery. All investment will come from the private sector.

Sainshand in Dornogobi
will come up as an environment-friendly city with all modern facilities and
will center on the industrial complex. It will require over USD10 billion to in
five years to implement the project. The funds are expected to come from
several sources in stages. The proposed factories will have to be linked with
the sources for their raw material as also with the likely markets, both domestic
and foreign, for their products. A skilled workforce will be needed to
construct railways and other infrastructure.

The government feels an
experienced advisor will be useful to coordinate all the technical and financial
work.