Minister of State M.Enkhsaikhan called for the official announcement at 3PM today.
On the eve of the Spring Plenary Session of the State Great Khural opening Prime Minister Ch.Saikhanbileg made an official announcement and the major focus was given on proceeding with the mega projects such as OT and TT stating that the projects will be taken to next level as the agreements near the signing.
Unfortunately, today at the opening of the Spring Plenary Session of the State Great Khural the Speaker made an inrresponsible announcement leading to misunderstanding of the negotiation process. For instance, the statement "TT deal to be violating the national safety guidance approved by State Great Khural in 2010, which states that investments of one country is not to exceed the one third of the total investments, therefore, imposing threat to be dependent on one market" is not present the reality at all. This estimates were made by the Working Group and submitted to the Naitonal Security Council, which ensured that the estimates are not violating the regulations.
TT negotiation process have been transparent and the announcement were made available to public by the Working Group. The final agreement of the negotiation with the consortium was introduced to the cabinet and the results should be submitted to the State Great Khural as per the procedures. Whereas, the agreement was not submitted to the State Great Khural for discussion, Speaker Z.Enkhbold made announcement "to make accountable the ministers who signed the agreement", which violates the relationship of legislative and implementing organizations and further violating the constitution law.
This might hurt the shareholders of the listed companies by making public the agreement draft, which was discussed in February.
1072 share issues are to be only discussed by the State Great Khural internally. The announcement made in this regard as "no deals were made about the 1072 shares" leads to an impression as if the Speaker of Parliament is being misinformed by his working group.
Denial on the payments for Mongolian Railroad JSC is to be made after assessments of their costs does not adhere to international business standards as obtruding the investors to be liable for the misused funds is not ethical and violates the anti-corruption principles.
Other issues raised by Z.Enkhbold are seen as the incapability of his working group members by misunderstanding the agreement.
It is within the capability of the cabinet to make an agreement with the investors. Cabinet will make discussions on the matter in accordance with the guidance issued by the National Security Council.
Minister of State M.Enkhsaikhan called for the official announcement at 3PM today.
On the eve of the Spring Plenary Session of the State Great Khural opening Prime Minister Ch.Saikhanbileg made an official announcement and the major focus was given on proceeding with the mega projects such as OT and TT stating that the projects will be taken to next level as the agreements near the signing.
Unfortunately, today at the opening of the Spring Plenary Session of the State Great Khural the Speaker made an inrresponsible announcement leading to misunderstanding of the negotiation process. For instance, the statement "TT deal to be violating the national safety guidance approved by State Great Khural in 2010, which states that investments of one country is not to exceed the one third of the total investments, therefore, imposing threat to be dependent on one market" is not present the reality at all. This estimates were made by the Working Group and submitted to the Naitonal Security Council, which ensured that the estimates are not violating the regulations.
TT negotiation process have been transparent and the announcement were made available to public by the Working Group. The final agreement of the negotiation with the consortium was introduced to the cabinet and the results should be submitted to the State Great Khural as per the procedures. Whereas, the agreement was not submitted to the State Great Khural for discussion, Speaker Z.Enkhbold made announcement "to make accountable the ministers who signed the agreement", which violates the relationship of legislative and implementing organizations and further violating the constitution law.
This might hurt the shareholders of the listed companies by making public the agreement draft, which was discussed in February.
1072 share issues are to be only discussed by the State Great Khural internally. The announcement made in this regard as "no deals were made about the 1072 shares" leads to an impression as if the Speaker of Parliament is being misinformed by his working group.
Denial on the payments for Mongolian Railroad JSC is to be made after assessments of their costs does not adhere to international business standards as obtruding the investors to be liable for the misused funds is not ethical and violates the anti-corruption principles.
Other issues raised by Z.Enkhbold are seen as the incapability of his working group members by misunderstanding the agreement.
It is within the capability of the cabinet to make an agreement with the investors. Cabinet will make discussions on the matter in accordance with the guidance issued by the National Security Council.