Transportation Minister signs a cooperation agreement on transportation with South Korea

The Second Intergovernmental Commission meeting between Mongolia and Korea takes place
The Second Intergovernmental Commission meeting between Mongolia and Korea takes place

Minister for Roads and Transportation M.Zorigt conducted a working visit to the Republic of Korea on March 24 and 25, where he chaired the second intergovernmental meeting attended by representatives of Mongolia and South Korea, and signed a cooperation memorandum on transportation with South Korean authorities.

During the meeting, the sides reviewed current bilateral collaboration in the economic, road transportation, energy, and mining sectors among others. The parties  exchanged views on attracting South Korean investment in large construction projects in Mongolia, introducing advanced technology from South Korea to Mongolia, as well as how to develop practical economic cooperation.

During his visit, Minister R.Zorigt met South Korean Minister of Land, Infrastructure and Transport Kang Ho-in and Minister of Oceans and Fisheries Kim Yong-suk to sign a  cooperation memorandum on the transportation sector.

The second meeting of the South Korea-Mongolia joint committee brought together officials from numerous government departments, including the two countries’ foreign affairs, transportation, and finance ministries. The committee was first formed in Ulaanbaatar, , in March 2015, on the 25th anniversary of bilateral diplomatic relations between Mongolia and the Republic of Korea.

Minister M.Zorigt also held bilateral talks with Second Vice Foreign Minister Cho Tae-yul and exchanged views on the two countries’ economic cooperation across the energy, transportation, and natural resources sectors.

Second Vice Minister Cho asked for Mongolia’s assistance in resolving various issues faced by South Korean firms involved in the construction of a thermal power plant and other projects in the country. M.Zorigt said he would work for a solution. Minister M.Zorigt asked for South Korea’s participation in the development of projects to replace buses and improve heating systems in Mongolia. Cho proposed that the two countries sign an agreement to promote development cooperation under South Korea’s official development assistance program.