Ulaanbaatar Development Corporation announces Board membersPolitics
Ulaanbaatar /MONTSAME/ The Corporation is responsible for making estimations and researches, resolving investments for most of the projects and programs of the UB City, being implemented in cooperation with the private sector. Members of the Board of Directors of the corporation were announced on Monday.
The members are the Mayor E.Bat-Uul, a deputy mayor Yo.Gerelchuluun, a general manager of UB City B.Badral, a director of the Mongolia Investment Fund B.Batsaikhan, a CEO of General Electric of Mongolia Ts.Tumentsogt, and a director of Golomt Financial Group L.Bolormaa. The independent members are Ch.Khashchuluun, a professor at the Economic Studies Department of the Mongolian State University, S.Bekhbat, an executive director of the Public-Private Partnership Center of Mongolia; and B.Lakshmi, a manager of Economic Policy and Competitiveness Research Center of Mongolia.
The Ulaanbaatar Development Corporation was established last May, after months of negotiations. The corporation is authorized to commercialize capital from its fundamental revenue from shares allocated to companies for project implementations, and to issue company securities on the domestic and foreign markets in both open and closed ranges.