Mongolia to speed up implementation of China-funded projectsPolitics
Ulaanbaatar /MONTSAME/ During its regular meeting on October 17, the Cabinet praised the outcomes of the 15th Meeting of the Mongolia-China intergovernmental commission for the trade, economic, scientific and technical cooperation, took place in China on September 17.
Deputy Prime Minister and Head of Mongolian side to the Mongolia-China intergovernmental commission for the trade, economic, scientific and technical cooperation U.Enkhtuvshin was instructed to approve the action plan and oversee the implementation.
The two sides concurred to renew the trade structure, develop value-added production, increase capacities of border checkpoints, reduce trade barriers as well as to expand agricultural trade.
During the intergovernmental meeting, the sides also discussed intensifying implementations of the projects that being financed with the soft-loan and non-refundable aid of the Chinese Government.
The Mongolian side expressed that Mongolia is attaching a significance to constructions of the 20.9 km long auto road from Gachuurt intersection to Nalaikh and Choir intersections, of a new Wastewater Treatment Plant of Ulaanbaatar and of a hydro power plant of Erdeneburen.
Moreover, they reached an agreement to develop infrastructures of the border checkpoints, construct apartment complex for 1008 households and formulate joint action plan to implement projects in 2018-2020.