Ulaanbaatar
Paved-road to be constructed under concession
PoliticsUlaanbaatar /MONTSAME/ A project will run on constructing a 167km hard-surfaced road in a Tosontsengel crossroad--Nomrog--Songino direction under a concession.
The cabinet Monday authorized the Investment Authority to establish the concession contract with the “China First Highway Engineering” company, and obliged D.Erdenebat, the Minister of Industry, to manage the contract establishment in accordance with a related law.
The project has been calculated to cost USD 102 million 735 thousand and 996, the construction will be completed in two years. It has been agreed that at least one third of the works will be performed by the Mongolian companies.
