Ulaanbaatar
Mongolia wants to have financing from AIIB for mega-projects
PoliticsUlaanbaatar /MONTSAME/ As one of the founders of the Asian Infrastructure Investment Bank (AIIB), Mongolia is seeking a chance for receiving financing from the bank for particular infrastructure projectsture.
It was said by the Premier Ch.Saikhanbileg when he met Wednesday Jin Liqun, the AIIB President, who is visiting here to take part in the Finance Ministers’ Meeting of the ASEM in Ulaanbaatar. They touched upon issues of cooperation opportunities for Mongolia with the AIIB.
The Prime Minister pointed out that Mongolia wants to benefit from financing from the AIIB for implementing projects on construction of the Tavantolgoi-Gashuunsukhait 267 km railway, railways connecting between Russia and China through Mongolian territoriy as well as for re-funding the auto-roads under operation with credit.
In response, the AIIB President proposed determining the ways of cooperation on certain projects after scrutinizing detailed information on the offered projects from Mongolia and performing feasibilities over the projects. He emphasized that high-skilled people are possible to be employed at the AIIB when the Premier inquired him about opportunities for Mongolian people to work at the bank.
Established with an authorized capital of USD 100 billion, the AIIB is available to provide economically-fruitful projects with a big amount of credit, and it pursues a policy on realizing mega-projects on infrastructure in collaboration with international financial and banking institutions. The AIIB requires a governmental guarantee if private companies ask credit from the AIIB.
