Remnant of Chinese loan to be used for railway work

The Government has decided to spend USD24,307 remaining of the soft loan of USD300 million from the Chinese Government on some construction work for Ulaanbaatar Railway. Minister of Finance S.Bayartsogt has been asked to incorporate the necessary amendments in the original loan agreement to make this possible and Minister of Road, Transportation, Construction and Urban Planning Kh.Battulga has been asked to conclude an agreement with the Southern Corp of Chinese Railway to finish the proposed work fast.