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Cabinet reviews projects set for Chinese loan financing

The American Chamber of Commerce in Mongolia

2018-05-31 08:54 GMT+8

During its regular session on May 30, Cabinet approved a list of projects to be financed by a 1 billion USD soft loan from the People’s Republic of China (PRC).

The approved projects include the construction of a wastewater treatment plant in Ulaanbaatar, an overhead power line from Ulaanbaatar to Mandalgobi and a power station, as well as the initial part of renovation for the Erdenet power plant.

The expansion and renovation of 20.9 kilometers of the highway connecting Gachuurt and the Nalaikh- will also be carried out with soft loan financing, as well. It was agreed that the construction of a hydropower plant in Erdeneburen will be proposed to the Chinese side.

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