ID :
149703
Fri, 11/12/2010 - 17:37
Auther :

DRAFT LAW ON RATIFICATION OF CREDIT AGREEMENT PRESENTED

Ulaanbaatar, Mongolia, /MONTSAME/ Head of the of Cabinet Secretariat of Government of Mongolia Ch.Khurelbaatar presented Friday to the Deputy-Speaker N.Enkhbold a draft law on ratification of a credit agreement for the project on "Developing regional transportation infrastructure with an aim to improve food supply of Ulaanbaatar".
The agreement was signed in May of 2010 by the government of Mongolia and the Bank for Reconstruction and Credit (BRC) of Federal Republic of Germany.
Within the project, a 4.5 mln euro loan will be granted for repairing of 7.45 km paved road to Bornuur soum and a 24.72 km paved road to Jargalant soum of Tuv aimag that branch off the AN-3 Asian Highway network direction.
For today, a preparation of detailed technical documentation and specification is completely finished, and the main road construction work is planned to start next year.
B.Adiyakhuu



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