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Mongolia Unveils 2026–2030 Development Plan With Rail Push, AI Procurement and Farm Support

Most initiatives remain proposals requiring approval, financing plus coordination before rollout.

Overview

  • Prime Minister G. Zandanshatar presented the five‑year framework with eight policy directions, 10 national outcomes and targets to sustain economic growth above 6%, following its late‑October submission to Parliament.
  • Transport officials outlined plans to connect four border crossings by rail totaling about 2,500 km and introduced a 260 km/h high‑speed rail concept to link major cities, noting 82 km of the Bagakhangai–Khushigiin Khondii spur is already built with further links under design.
  • The 2026 draft budget proposes MNT 443.6 billion in agriculture sector subsidies and incentives, plus MNT 500 billion in new concessional loans with MNT 108.9 billion in state‑funded interest support.
  • The government plans to expand AI‑assisted oversight of tenders and permits across ministries following pilot use at Erdenet, as the Anti‑Corruption Agency reported recovering MNT 721.1 million from historical misallocated loans.
  • Poma Group said construction on Ulaanbaatar’s cable‑car system has advanced significantly and the company expects to be ready to open the system to the public next year, working with local partners on operations and safety.