Mongolian Prime Minister Norov Altanhuyag said Wednesday that his government has decided to speed up the construction of two industrial parks in the mineral-rich East Gobi province to boost industry.
The government plans to invest 75 billion tugrik (53.5 million U.S. dollars) to develop Sainshand and Zamiin-Uud Industrial Parks this year, said Altanhuyag during a visit to the East Gobi province.
He said the industrial parks will be used to develop the mineral resources industry and building material enterprises, in order to meet the demand for cement and other building materials in East Gobi's large construction projects.
Mongolia planned to invest 10 billion dollars to build the Sainshand Industrial Park. Key projects in the park include coal washing, coking, steelmaking, copper smelting, oil refining and other mineral resources processing, as well as building material production.
Altanhuyag said the road from the capital of Ulan Bator to Sainshand will be opened in September this year, which will make Sainshand a transport hub connecting Asia and Europe.
He said Mongolia plans to build Sainshand into the country's main industrial zone and tourist center. Mongolia will set Sainshand as a national model, and spread its experience to other provinces, he added.
Sainshand is a major international railway hub in southern Mongolia.