Mongolia aims to have logistic center
Ulaanbaatar, Mongolia, /MONTSAME/ On Wednesday, the cabinet meeting backed in principle a draft financing agreement to be established between the government of Mongolia and the Asian Development Bank (ADB) for a project on developing a regional logistic center. The issue of financing the agreement will be consulted with a related Standing committee.
In order to implement the project, the ADB plans to grant Mongolia a soft loan of USD 40 million and a non-refundable aid of USD five million. In frames of the project, services of multimodal freight transport, logistics, multimodal transportation terminal will be created at the border checkpoint of Zamyn-Uud with a purpose to regulate/reduce a loading of freight.
The project will be realized by the Ministry of Road, Transportation, Construction and Urban Development for three years starting from 2011.
B.Khuder
In order to implement the project, the ADB plans to grant Mongolia a soft loan of USD 40 million and a non-refundable aid of USD five million. In frames of the project, services of multimodal freight transport, logistics, multimodal transportation terminal will be created at the border checkpoint of Zamyn-Uud with a purpose to regulate/reduce a loading of freight.
The project will be realized by the Ministry of Road, Transportation, Construction and Urban Development for three years starting from 2011.
B.Khuder
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