List of projects altered for loan from China

Politics
en_khuder@montsame.mn
2015-11-24 13:28:23

Ulaanbaatar /MONTSAME/ The cabinet meeting on Monday amended a list of projects that will be implemented in frames of the general credit agreement of USD one billion which will be established between Mongolia’s Ministry of Finance and the Export-Import Bank of China.

Obligations were given to B.Bolor, the Minister of Finance, to E.Bat-Uul, the Mayor of Ulaanbaatar; and to other related ones to inform the Chinese side about the projects and to implement them.

The loan from the Exim Bank of China is expected to be spent for a hydropower station on the Eg river, for repairing and widening a 20.9km auto road (Gachuurt crossroad--Nalaikh-Choir crossroad), for building overhead electric lines from Ulaanbaatar to Dundgobi aimag’s Mandalgobi soum, for erecting a sub-station, for renovating Erdenet city’s thermal power station, for creating 12 meat processing factories, and for supplying vocational training centers with facilities. 

 

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