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Chinese companies have started construction on a highway from Mongolia’s border city of Zamiin-Uud to the East Gobi provincial capital of Sainshand.
The completion of the 124 kilometre highway would link up Mongolia’s capital of Ulan Bator to China’s border city of Ereen Hot, Chinese ambassador Wang Xiaolong said earlier this week.
Wang asserted China’s endeavours to aid in developing the Asian country’s infrastructure, Wang said.
Mongolia has large deposits of coal, copper, gold and uranium – it is also believed to be rich in rare metals and rare earths.
Amarjargal Gansukh, the Mongolian transportation minister, said that his government would support Chinese companies for the construction of the road that will connect China, Mongolia and Russia.
With increasing trade between China and Mongolia in recent years, import and export freight flows from Zamiin-Uud to Ereen Hot have been growing rapidly.
Completion of the highway is expected to improve the efficiency of goods transportation.
Last month, Chinese President Xi Jinping underscored the great importance China has placed on developing ties with Mongolia and said both countries are at a key development stage.
China is Mongolia’s largest trade partner, with about 90 per cent of Mongolia’s exports going there while Russia is its second largest trade ally.
With inputs from Agencies