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Parliament Economics Standing Committee Chairman Ts. Damiran: Re-evaluation of MIAT in consideration of its future profits ( January 01, 2005 )

Parliament Economics Standing Committee Chairman Ts. Damiran: Re-evaluation of MIAT in consideration of its future profits ( January 01, 2005 )

Newspaper "Unuudur" asked Parliament Economics Standing Committee Chairman Ts. Damiran for clarification in connection with Parliamentary discourse of the Fundamental Policy for privatization in 2005-2008.

In regard of privatization in energy sector which attracts a lot of public attention and, perhaps, already has raised disputes, too, Ts. Damiran said that the power distribution network will be privatized but some of the transmission networks won’t. Hydro Power Plant – 4 which supplies 80% of the total energy of Mongolia will be privatized by a concession contract. In order to do so there was aneed to amend the privatization law, he said.

In regard of privatization of MIAT company Ts. Damiran said that the greater part of the value of MIAT is in its international flight routes, management and reputation which entails great future profits. He thinks the re-evaluation of MIAT company shall be done in consideration of its future profits. It is possible to privatize the economic entity of MIAT in charge for domestic flights, he said.

In terms of privatization in social welfare sector, he said, the policy is to privatize bigger cliniques to domestic and foreign investors that are capable to extend the cliniques’ medical services, whereas, in educational sector the privatization policy will focus more on potential management teams.

Date : 2005-02-01 11:56:57                        

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