Ulaanbaatar
General agreement on conditional loan from Poland to be extended
Society
Ulaanbaatar /MONTSAME/ At its regular meeting convened on September 2, the Cabinet members approved to extend the term of General Intergovernmental Agreement between Mongolia and Poland on Conditional Loan.
The EUR 50 million loan has 28 year term with annual interest of 0.15 percent and moratorium period of 5 years.
With the loan, the following works are planned to be realized:
- To expand and rebuild wastewater treatment facilities in aimags
- - To develop vegetable production and its value-added chain
- - To set up a solid waste processing plant in Erdenet city, improve waste disposal management
- - To implement a project to supply fully-furnished mobile ambulance to aimags
Within the framework of the loan, projects on renovation of firefighting equipment and on establishment of mobile hospital which provides medical services during disaster, have been completed.
