CDB lends RMB 418 million for Tsagaandel Uul-Ulzii Border Crossing Project (Linked to Project ID#91882)

On June 25, 2019, the Port Authority of the Government of the Inner Mongolia Autonomous Region of the People’s Republic of China and the General Administration of Customs of Mongolia signed an RMB 114.6 million grant agreement for the Tsagaandel Uul-Ulzii Border Crossing Project. China Development Bank (CDB) also issued a series of loans in March 2019 worth RMB 418 million for the project. The purpose of the project is to construct the infrastructure and customs inspection facilities of the Tsagaandel Uul-Ulzii Border Crossing (Checkpoint). It also involves the construction of a special purpose road from the end of Tavan Tolgoi-Baruun Naran road to the Tsagaandel Uul-Ulzii port. On March 22, 2021, a project implementation agreement was signed. Project implementation has commenced. However, local residents have organized protests against the project, leading to major implementation delays. The RMB 114.6 grant from the Port Authority of the Government of the Inner Mongolia Autonomous Region is captured via Project ID#91882. The CDB loans worth RMB 418 million are captured via Project ID#91881.

Additional details

1. This project is also known as the Tsagaandel Uul-Ulzii Border Checkpoint Project, the Tsagaandel Uul-Ulzii Border Port Project, the Uliji Port Project, the Wuliji Port Project, the Uliji-Chagandler Ula Port Project (Chinese transliteration to English), and the Chagand-Ula Port Project (Chinese transliteration to English). The Mongolian project title is Монгол Улсын Цагаандэл Уул боомтын шалган нэвтрүүлэх барилга байгууламж, дэд бүтцийг буцалтгүй тусламжаар бүтээн байгуулах тухай or Монгол, Хятадын хилийн Цагаандэл Уул - Өлзий боомтын бүтээн байгуулалтын тусламжийн төслийг. The Chinese project title is 的乌力吉—查干德勒乌拉口岸. 2. The borrowers of the loans issued by CDB are unknown. This issue warrants further investigation.

Number of official sources

6

Number of total sources

18