S.Erdene: We say the investment agreement change but not cancelation
MP S.Erdene told our correspondent about demand of Oyutolgoi investment agreement.
He said that the 57th protocol of Parliament has stated that the Government of Mongolia to directly own 34 percent of shares but not to sell 34 percent. Mongolia owns its 34 percent by loan and we will pay USD800 million and its rates will be USD500 million when Oyutolgoi factory would be ready to work. When would Mongolia take profit from the 34 percent? Why have we concluded not proper condition of the agreement?
He added that the MPs have not demanded the agreement cancelation and we have just demanded to correct provisions that have mistakes.
He said that the 57th protocol of Parliament has stated that the Government of Mongolia to directly own 34 percent of shares but not to sell 34 percent. Mongolia owns its 34 percent by loan and we will pay USD800 million and its rates will be USD500 million when Oyutolgoi factory would be ready to work. When would Mongolia take profit from the 34 percent? Why have we concluded not proper condition of the agreement?
He added that the MPs have not demanded the agreement cancelation and we have just demanded to correct provisions that have mistakes.
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