L.Oyun-Erdene: 11 concession agreements terminated

Translator E.Oyun-Erdene GoGo.mn

2019-06-19 17:45 GMT+8

At today’s regular Cabinet meeting, discussion about concession agreement was made and resolution to terminate evitable agreement has been made.

In other words, 11 concession agreements will be terminated due to consideration of debt pressure and strategic unimportance. It includes:

•Altanbulag- Ulan-Ude agreement

•130 km road in Delgerekh soum, Dornod province

•Elementary school and kindergarten concession agreement

•Steel factory construction concession agreement

Furthermore, working group related Khutul cement factory agreement termination will be established.

However concession is one gateway of country development, concession agreements that the government is able to take care by itself are considered to be terminated. 

L.Oyun-Erdene said that the government need to take decisive actions during this moment of 25-year development strategy of Mongolia, and we cannot leave the case to next government.

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