MILLENNIUM CHALLENGE FUND APPROVES USD 188 MILLION PROJECT Print E-mail
Prime Minister of Mongolia S.Batbold and Ambassador of the United States Jonathan Addleton announced that Millennium Challenge Corporation (MCC) approved a USD188 million MCC Compact with the Government of Mongolia. The Mongolia Compact comprises the North-South Road and the Energy and Environment Projects that are proposed by the Government of Mongolia to replace the cancelled Rail Project.

USD 127 million is needed for the above two projects: USD 79.75 million for North-South Road project. 
The Government of Mongolia requested completion of the 176.4 km Choir-Sainshand road section, as well as upgrading of the Ulaanbaatar-Nalaikh road section, and rehabilitation of the current Bayanzurkh Bridge and/or construction of a new bridge
USD 47.2 million will be spent for the Clean Air Project. 
                The Energy and Environment Project (EEP) is focused on a critical issue for many Mongolians: air quality. During the long and harsh winters in Ulaanbaatar, the air quality is significantly deteriorated due to pollution. In the scope of this project, a new foundation to encourage green technology with foreign countries will be established and the wind power stations will be introduced to national energy production.
Source: www.news.mn
 
     

Top 30 Companies

Do you want to receive Mongolia financial news everyday?

Financial News


Receive HTML?

Exchange Rate

  11 March 2010, Thursday
small_united_states_flag
USD
1423.91
small_european_union_flag
EUR 1929.75
small_russia_flag
RUB
47.87
small_china_flag
CNY
208.60
small_japan_flag
JPY
15.82
small_united_kingdom_flag
GBP
2122.05
small_korea_south_flag
KRW
1.26

People views

Partners

Mongolia News

APIP Corporation | Mongolian Properties | Regency Residence | Mongolian Travel Guide | Mongolian Resorts | Mongolian Resorts Guesthouse
Ubdeli Restaurant | Oasis Nightclub | Altansan Securities | Moda Cashmere | Mining Mongolia | Central Asian Cement