WB AND SINGAPORE WANT TO INVEST IN INFRASTRUCTURE SECTOR

Ulaanbaatar. /MONTSAME/. World Bank and Government of Singapore have offered their readiness to cooperate with Mongolia in investing in infrastructure sector through its partnership program on public and private sector cooperation.
At his business meeting with Mongolia's Deputy Premier N. Altankhuyag, senior specialist for WB James Richard said they want to make investment in Mongolia's infrastructure sector especially in developing infrastructure connected with mining and mineral resources. Government representatives of Singapore were also present at the meeting to discuss the bilateral business cooperation.
"This year, Government of Mongolia made a decision to increase coal export. However, there are difficulties in auto road from Tavan Tolgoi deposit to the southern border. For this reason, Mongolia is unable to increase its coal export without solving infrastructure problem" Mr Altankhuyag said. The Deputy Premier suggested cooperating in constructing a Power Plant in Tavan Tolgoi coal mine in order to increase the coal extraction.
The two parties agreed to jointly draft a business proposal on this cooperation field. Additionally, it also agreed that the Singaporean party will invite Mongolia's related authorities to their country to introduce and share experiences.
S. Batbayar