Ulaanbaatar
Mobile complex of construction materials to be created
PoliticsUlaanbaatar /MONTSAME/ A mobile complex of construction material will be built in frames of works and measures in the defense sector, which are reflected in the plan of realizing projects and programs of the 2016 government action plan.
The cabinet meeting on Monday authorized the Board of the Development Bank of Mongolia (DBM) to issue a guarantee over 85% of the 9.7 million US dollar loan to be taken from the US Exim Bank to the “Consortium of Defense” state-owned entity at the Defense Ministry of Mongolia.
An obligation was given to B.Bolor, the Minister of Finance, to reflect the money in the 2016 budget in order to cover remaining 15% of the loan.
The mobile complex is expected to have a capability of building up constructions on up to 1,000 square meters a day.
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