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43 buses received on a loan from South Korea

2017-07-05 11:27:31

Ulaanbaatar /MONTSAME/ During its meeting on July 4, Tuesday, the Cabinet authorized Finance Minister B.Choijilsuren to establish a loan agreement with the Republic of Korea.

Mongolia is realizing a project to support international public transport services on a soft loan from the Export-Import Bank of Korea. The loan agreement finances the import of the 43 buses that Mongolia has received and the second batch of buses to receive.

Mongolia hasn’t reformed its international and intercity public transport sector since 1987.