ROADS TO BE CONSTRUCTED IN KHOVD
Ulaanbaatar, Mongolia /MONTSAME/ 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).
These roads are to receive a soft loan of USD 45 million for the #1 project at an investment program on developing auto roads of the vertical axis.
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.
B.Khuder
These roads are to receive a soft loan of USD 45 million for the #1 project at an investment program on developing auto roads of the vertical axis.
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.
B.Khuder
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