China to finance road construction | News.MN - Мэдээллийн эх сурвалж

Хуучирсан мэдээ: 2015.11.10-нд нийтлэгдсэн

China to finance road construction

The construction works of the road between “Tosontsengel-Uliastai” (114km) and “Bayanhongor-Baidrag Bridge” (129.4 km) which will be financed with an export-soft loan from the Chinese Government are ready to commence.

In 2010, during a visit by the Premier of the State Council of the People’s Republic of China, Wen Jiabao, the official agreement for a raft of USD 500 soft loans was approved. Under this agreement, 13 projects were approved by the Parliament for implementation in three sectors. The soft loan has an annual 2% rate and must be repaid within 20 years.

The projects, mentioned above will be built by Chinese companies due to be approved by the Chinese Government.

 

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