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Ministers meet representatives of Asian Infrastructure Investment Bank www.montsame.mn

Ulaanbaatar /MONTSAME/ Minister of Construction and Urban Development Kh.Badelkhan on October 28 met with a delegation led by Konstantin Limitovskiy, Senior Advisor to the President and Chief Programming Officer at Asian Infrastructure Investment Bank (AIIB).

The sides exchanged views on the priority construction and urban development projects and programs of Mongolia, in particular, building, public utility, and infrastructure engineering projects financed by soft-loans, and non-refundable aid from China, South Korea, as well as international banks and financial institutions and the ones that can be implemented with funding from foreign resources under the 150 unit apartment complex national program. They also discussed opportunities for collaborating on the development of the Aerocity and Maidar eco city and investing in the infrastructure of the cities.

On October 29, Minister of Energy Ts.Davaasuren met with the delegation. At the meeting, Mr. Konstantin Limitovskiy noted the purpose of their visit was to hold talks and explore investment opportunities in infrastructure projects and other fruitful areas, energy projects prioritized by the government of Mongolia, and bilateral cooperation. Providing the representatives with information about the Midterm national program on the implementation of state energy policy 2019-2023, Minister Ts.Davaasuren told them that investment is much needed for the construction of power transmission lines. He then noted the importance of embarking on a project on connecting the eastern and western regions to the central power system.

Choibalsan-Undurkhaan-Baganuur and Baganuur-Choir lines will connect the east to the central and western regions and help satisfy the energy demand for oil extraction in the east and Uliastai-Durgun-Myangad line will connect the west to the central region and transmit the power generated in the Erdeneburen hydropower plant to be built in the west, he said. The Minister also pointed out for developing renewable energy it is important to develop reliable solar and wind power transmission system and improve capacities of the other transmission lines.



Published Date:2019-10-31