ABOUT CREDIT GUARANTEE FOR NEW MICRO-DISTRICT
Ulaanbaatar, Mongolia /MONTSAME/ The cabinet has discussed and backed in principle a matter on taking a loan of MNT 300 billion from the Export-Import Bank of China, in order to create a financial source for the "Shine Yaarmag" apartment micro-district. A related governmental resolution will be issued.
In accordance with the resolution, head of the Representative Leading Board of the Bank of Development Ch.Khashchuluun has been allowed to release a credit guarantee for the loan under a term of 12 years, and so head of the Cabinet Secretariat of the Government Ch.Khurelbaatar will put control over implementation of the resolution.
The new micro-district will be erected in two phases dividing into three parts.
B.Khuder
In accordance with the resolution, head of the Representative Leading Board of the Bank of Development Ch.Khashchuluun has been allowed to release a credit guarantee for the loan under a term of 12 years, and so head of the Cabinet Secretariat of the Government Ch.Khurelbaatar will put control over implementation of the resolution.
The new micro-district will be erected in two phases dividing into three parts.
B.Khuder
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