Construction Minister discusses China-backed projects

2018-03-19 18:46:40
Ulaanbaatar /MONTSAME/ Minister of Construction and Urban Development Kh.Badelkhan met Chinese Ambassador Xing Haiming on March 19 to discuss the projects to be implemented in construction and urban development sector on Chinese loan and aid.

The Government of the People’s Republic of China will grant USD 1 billion soft loan to Mongolia, USD 300 million of which will be spent on the construction of a new wastewater treatment plant in Ulaanbaatar.

In connection with the upcoming visit of Prime Minister U.Khurelsukh to China on April 9-12, the sides exchanged views on the possibility of commencement of the project within the second half of this year and project finance.

Moreover, the Mongolian Government decided to allocate Chinese non-refundable aids on the establishment of Service centers in ger areas in an effort to reduce the air and soil pollution in the capital city. The project is co-implemented by the Ministry of Construction and Urban Development and the Mayor’s Office.

The Government also plans to realize a 1,008 Temporary Apartment project with a USD 350 million non-refundable aid from the Chinese Government. The sides have fully ensured readiness for the project, and the matter will be addressed during the prime ministerial visit.