The Official Gazette spoke with Minister of Construction and Urban Development (MCUD) Kh. Badelkhan about the ministry's priories for 2018.
The minister said that 120 billion MNT from the state budget has been earmarked for financing Ipotek loans in 2018, and 200 billion MNT will be spent on loan repayment.
Demand for construction and development loans is still high and a working group has been established by the Finance Ministry to focus on improving the loan system and access to financing. The working group will study the possibility of lowering Ipotek loan interest and down payment requirements.
There are over 30,000 houses on the market, and in accordance with a parliamentary resolution on supporting the real estate market, some of the homes will be sold through partnerships established by the state, commercial banks, and construction companies within the next two years. Minister Kh. Badelkhan noted that 2018 will be a year of construction, with 60 schools and 90 kindergartens to be built.
The minister also mentioned that there are also projects that will be built with financing from foreign countries and international organizations, such as a central wastewater treatment plant in Ulaanbaatar financed by a loan from China, At Nogoon Lake, the construction of 1,800 residences will be financed by China, and other central wastewater treatment plants will be built or renovated in the provinces with support from Asian Development Bank and the Government of France. As for Ulaanbaatar's ger districts, infrastructure connecting homes to the city's central networks will be carried out with a state and city funds and 2 billion CNY grant from China.
The Official Gazette spoke with Minister of Construction and Urban Development (MCUD) Kh. Badelkhan about the ministry's priories for 2018.
The minister said that 120 billion MNT from the state budget has been earmarked for financing Ipotek loans in 2018, and 200 billion MNT will be spent on loan repayment.
Demand for construction and development loans is still high and a working group has been established by the Finance Ministry to focus on improving the loan system and access to financing. The working group will study the possibility of lowering Ipotek loan interest and down payment requirements.
There are over 30,000 houses on the market, and in accordance with a parliamentary resolution on supporting the real estate market, some of the homes will be sold through partnerships established by the state, commercial banks, and construction companies within the next two years. Minister Kh. Badelkhan noted that 2018 will be a year of construction, with 60 schools and 90 kindergartens to be built.
The minister also mentioned that there are also projects that will be built with financing from foreign countries and international organizations, such as a central wastewater treatment plant in Ulaanbaatar financed by a loan from China, At Nogoon Lake, the construction of 1,800 residences will be financed by China, and other central wastewater treatment plants will be built or renovated in the provinces with support from Asian Development Bank and the Government of France. As for Ulaanbaatar's ger districts, infrastructure connecting homes to the city's central networks will be carried out with a state and city funds and 2 billion CNY grant from China.