March 8, 2012 on: General

Paved-roads will be run between Baga ulaan davaa (mountain pass) and Mankhan soum of Khovd aimag (103.3 km) and in localities (20 km).

The credit agreement on the soft loan will be established between the government of Mongolia and the Asian Development Bank (ADB), and it will be signed by D.Khayankhyarvaa, the Minister of Finance, the cabinet decided. In a scope of the project, one fully-equipped unit of repair works will be set up. The term of the soft loan is 32 years, its primary payment will be done within eight years. The interest of the soft loan is one per cent within the term of the primary payment, to become 1.5 per cent after it. The program on developing auto roads of the vertical axis is financed with USD 170 million from the ADB and with USD 92 million from Mongolia's government in three phases for 7-10 years. In frames of the program, construction of another paved road of 293 km will be completed, and three units of repair will be set up. A construction of 34.9 km in localities and bridges will be done as well. Please note that this article and / or its accompanying media (picture, video, sound files etc…) has not been written, created or taken by M.A.D. Investment Solutions staff. It is not copyrighted to M.A.D. Investment Solutions nor does the company claim any ownership or rights towards the content and its accompanying media. The above article does not in any case represent the views or opinions of M.A.D. Investment Solutions or any of its affiliate individuals or companies. The article above is purely meant as a source of information to readers and does not constitute a legal or biding agreement in any way, shape or form. Ownership of the content and its accompanying media remains with its legal owner or contributor but was sourced from Public Domain sources. If you are the owner of this content or its media and would like it replaced or taken out of our website, please contact us on: info@mad-mongolia.com. For contact and comments directly relating to the above article and or its accompanying media, please refer to the source as stated below.

SOURCE OF THIS ARTICLE : Montsame.mn

Please note that this article and / or its accompanying media (picture, video, sound files etc…) has not been written, created or taken by M.A.D. Investment Solutions staff. It is not copyrighted to M.A.D. Investment Solutions nor does the company claim any ownership or rights towards the content and its accompanying media. The above article does not in any case represent the views or opinions of M.A.D. Investment Solutions or any of its affiliate individuals or companies. The article above is purely meant as a source of information to readers and does not constitute a legal or biding agreement in any way, shape or form. Ownership of the content and its accompanying media remains with its legal owner or contributor but was sourced from Public Domain sources. If you are the owner of this content or its media and would like it replaced or taken out of our website, please contact us on: info@mad-mongolia.com. For contact and comments directly relating to the above article and or its accompanying media, please refer to the source as stated above.

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