Loan agreement of Ulaanbaatar cabel car project to be discussed at Cabinet meeting

Society
anudari@montsame.gov.mn
2020-03-02 14:22:03

Ulaanbaatar /MONTSAME/ Land necessary for the Ulaanbaatar cabel car project will soon be freed, officials said at a meeting of the working group carrying out a feasibility study and other preparatory works for the project.


“The project's loan agreement will be discussed at next week’s regular meeting of the Cabinet and after approval at the meeting, the agreement will be signed by the Minister of Finance and the Ambassador of France to Mongolia. Poma company of France will then start the project’s engineering phase,” said B.Otgonsukh, capital city official in charge of road and transport projects.


As part of preparatory works for the project, a geological survey is also planned to be conducted.