INVESTMENTS FOR INFRASTRUCTURE TO BE SUPPORTED

Ulaanbaatar, Mongolia, /MONTSAME/ The cabinet on Wednesday backed in principle a draft agreement on financing a project on supporting mining infrastructure investments. It will be established between the government of Mongolia and the International Development Association (IDA). The proposal on the matter will be consulted with a parliamentary Standing committee.
In frames of the project, a technical-economic justification will be worked out including technical justification for the biggest projects of mining infrastructure, analyzes of influence on finance, economics, society and environment, and legal environment. In addition, it has been planned to boost administrative skills for partnership contracts of the state and private sector.
The project on supporting mining infrastructure investments consists of four sections--supporting infrastructure investments; strengthening skills and transferring knowledge; management of artesian water; and project administration. It is expected that the project will be implemented from June of 2011 to May 30, 2015.
B.Khuder