ID :
184132
Tue, 05/24/2011 - 15:25
Auther :
Shortlink :
http://m.oananews.org//node/184132
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WB WILL SUPPORT MINING INFRASTRUCTURE INVESTMENT
Ulaanbaatar, Mongolia, /MONTSAME/ A “Support to mining infrastructure investment" project has started to be co-implemented by Mongolia's Government and the World Bank (WB).
A Finance Minister S.Bayartsogt and a resident representative of the WB to Mongolia Coralie Gevers have signed a contract on a soft loan of 25 million US dollars.
The money are to go for developing Mongolia's mining sector and for realizing infrastructure supporting projects, for example, as payment for internationally-recognized organization who will make technical and economic justification of the mining projects and programmes, and for strengthening a leadership of Mongolia's south regions' water resources.
The loan's term is 20 years, no interest, a basic payment is free for the first 10 years, in last 10 years Mongolia's government will pay 60 percent of loan and the WB 40 percent.
B.Oyundelger
A Finance Minister S.Bayartsogt and a resident representative of the WB to Mongolia Coralie Gevers have signed a contract on a soft loan of 25 million US dollars.
The money are to go for developing Mongolia's mining sector and for realizing infrastructure supporting projects, for example, as payment for internationally-recognized organization who will make technical and economic justification of the mining projects and programmes, and for strengthening a leadership of Mongolia's south regions' water resources.
The loan's term is 20 years, no interest, a basic payment is free for the first 10 years, in last 10 years Mongolia's government will pay 60 percent of loan and the WB 40 percent.
B.Oyundelger
