Construction work of new Wastewater Treatment Plant to run for three years

Society
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2019-02-20 17:23:01

Ulaanbaatar /MONTSAME/ Minister of Construction and Urban Development Kh.Badelkhan reported about decisions made at the Cabinet Meeting took place today.


The government established an agreement with investor’s side on completion of construction of new Wastewater Treatment Plant, which will start from March 1, within three years. The sides agreed to produce energy by burning silt, which comes from the new treatment plant, and local companies will carry out 50 percent of the construction works. Until the new Wastewater Treatment Plant operates, works to make silt of current treatment plant odorless will be done. Moreover, a Mongolian-Japanese joint company is producing black earth and fertilizer through processing silt.


The Minister also responded questions on mortgage loan. MNT 115 billion will be spent on housing mortgage this year. The Bank of Mongolia (BoM) will grant loan worth MNT 200 billion as well. Currently, it is not possible to reduce interest rate on this loan. If the country’s economy stabilizes and BoM reduces its policy rate, this issue will be touched upon again.