This website is part of the M.A.D. Investment Solutions Network.
Economy / Featured News / Mongolia News / Others / Politics / December 25, 2015

More than 300 million USD to be dedicated to ger area development

Share on Pinterest
Share with your friends










Submit

Ulaanbaatar /MONTSAME/ Developmental works of MNT 319 billion will be executed in Ulaanbaatar next year, reports the UB city administration. As of today, the city has received proposals on 530 projects to cost 847 billion Togrog.

Expected in 2016 developments include 15 elementary school and kindergarten buildings for 2,700 children, two children’s hospitals, a building for police unit, a complex building for khoroo administration, family hospital, police station, and buildings for public service branches in Bayanzurkh, Khan-Uul and Songinokhairkhan districts.

Infrastructural developments comprise, 0.9km heat line, 2,500 lighting installations, 8.1km auto-road building, and extensions to 5.4km road. Building of 23 km road will be applied to housing districts.

In the margin of the program on development of ger areas and promotion for investment, Ulaanbaatar has been planning to have six suburban centers. The program is costing 320 million USD, to be allocated from the Government, Asian Development Bank and European Investment Bank.

SOURCE: Montsame




Previous Post
Unreported income of 6.1 trillion MNT revealed under economic transparency law
Next Post
Mongolian delegation at WTO Ministerial Conference




You might also like






More Story
Unreported income of 6.1 trillion MNT revealed under economic transparency law
By E.OYUNDARI. A total of 6.1 trillion MNT in unreported, equivalent to 27.9 percent of 2014 GDP, has been unveiled and declared...