Soum to be connected to water source under concession contract

2015-09-15 18:08:57

Ulaanbaatar /MONTSAME/ A project will be implemented to connect Selenge aimag’s Altanbulag soum to a freshwater source under a concession contract.

The cabinet meeting on Monday authorized the Investment Authority of Mongolia (IAM) to establish the contract with the “Margad Mongol” LLC and obliged D.Erdenebat, the Minister of Industry, to manage the contract establishment process in accordance with laws. In addition, the Minister of Finance B.Bolor and the Minister of Industry D.Erdenebat were ordered to reflect MNT 400 million in the 2016 state budget for the repayment of the project’s investment.

According to the project, the concessionaire must complete a connection of Altanbulag soum to the freshwater source by this November 1, spending own capital, and receive the money from the 2016 state budget. A guaranteed term of the freshwater pipes is three years.  


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