CONTRACT ON RAILWAY BASE STRUCTURE ALTERED
Ulaanbaatar, Mongolia /MONTSAME/ The cabinet meeting on Wednesday discussed and then backed in principle a matter on amending a concession contract on constructing, utilizing and transferring to the state ownership a base structure of the Sainshand-Tavantolgoi-Ukhaakhudag railway.
Another issue was about amending a contract, established with special license holders to construct a base structure of the Ukhaakhudag-Gashuunsukhait railway.
Related orders were given to the Ministers and heads of agencies to establish contracts, harmonizing them with relevant laws. These contracts will have clauses about providing national investors with opportunities to cooperate, about openly trading some shares to people through the stock exchange, and about using 51 per cent of the railway stocks during the constructing and utilizing period and passing them to the state without charge when contract time expires.
B.Khuder
Another issue was about amending a contract, established with special license holders to construct a base structure of the Ukhaakhudag-Gashuunsukhait railway.
Related orders were given to the Ministers and heads of agencies to establish contracts, harmonizing them with relevant laws. These contracts will have clauses about providing national investors with opportunities to cooperate, about openly trading some shares to people through the stock exchange, and about using 51 per cent of the railway stocks during the constructing and utilizing period and passing them to the state without charge when contract time expires.
B.Khuder
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