₮570 BILLION CHINGGIS BOND 1,400 KM ROAD CONSTRUCTION TO CONNECT 6 AIMAGS WITH ULAANBAATAR
April 1 (InfoMongolia) On March 30, 2013, the Government of Mongolia held its regular Cabinet of Ministers' meeting, where in the frameworks of implementation the Action Plan, six centers of Bayankhongor, Dornod, Dornogovi, Dundgovi, Umnugovi andKhuvsgul Aimags (Provinces) were resolved to be connected with paved road to the capital city of Ulaanbaatar in 2013.
Accordingly, the total length of the road for these six aimags is estimated at 1,400 km, which previously was agreed to be financed by "Chinggis" Bond and within the meeting it was resolved to allocate required 570 billion MNT for the construction works through the Development Bank account, also Minister for Economic Development N.Batbayar and Board Director of the Development Bank B.Shinebaatar were permitted to finance the project.
In conjunction, centers of the all 21 aimags of Mongolia will be connected to Ulaanbaatar city by 2016 as part of the Action Plan for 2012-2016.
Accordingly, the total length of the road for these six aimags is estimated at 1,400 km, which previously was agreed to be financed by "Chinggis" Bond and within the meeting it was resolved to allocate required 570 billion MNT for the construction works through the Development Bank account, also Minister for Economic Development N.Batbayar and Board Director of the Development Bank B.Shinebaatar were permitted to finance the project.
In conjunction, centers of the all 21 aimags of Mongolia will be connected to Ulaanbaatar city by 2016 as part of the Action Plan for 2012-2016.
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