Mongolia to speed up implementation of China-funded projects
PoliticsUlaanbaatar /MONTSAME/ During its
regular meeting on October 17, the Cabinet praised the outcomes of the 15th Meeting of the
Mongolia-China intergovernmental commission for the trade, economic, scientific
and technical cooperation, took place in China on September 17.
Deputy Prime Minister and Head of
Mongolian side to the Mongolia-China intergovernmental commission for the
trade, economic, scientific and technical cooperation U.Enkhtuvshin was
instructed to approve the action plan and oversee the implementation.
The two sides concurred to renew the
trade structure, develop value-added production, increase capacities of border
checkpoints, reduce trade barriers as well as to expand agricultural trade.
During the intergovernmental
meeting, the sides also discussed intensifying implementations of the projects that
being financed with the soft-loan and non-refundable aid of the Chinese
Government.
The Mongolian side expressed that Mongolia
is attaching a significance to constructions of the 20.9 km long auto road from
Gachuurt intersection to Nalaikh and Choir intersections, of a new Wastewater Treatment Plant of Ulaanbaatar and of a hydro power plant of
Erdeneburen.
Moreover, they reached an agreement
to develop infrastructures of the border checkpoints, construct apartment
complex for 1008 households and formulate joint action plan to implement projects
in 2018-2020.