IFC EXPRESSES INTEREST TO TAKE PART IN WASTEWATER TREATMENT PLANT PROJECT

Ulaanbaatar/MONTSAME/ On January 30, Head of the Cabinet Secretariat G.Zandanshatar met with delegates led by Isabel Chatterton, Regional Manager of Public Private Partnership Transaction Advisory Services, International Finance Corporation (IFC). At the meeting, Isabel Chatterton said that the World Bank and international banking and financial organizations highly recognize actions being taken by the Investment Protection Council established under the Government of Mongolia. She also expressed a willingness to conduct joint projects and programs to enhance the Council’s activity. Moreover, the IFC is interested in providing advisory service to a project on construction of new Central Wastewater Treatment Plant of Ulaanbaatar, which will be implemented with Chinese loans. The IFC intends to cooperate in formulating plans and selecting contractor and in direction of operating the plant efficiently at lowest cost. M.Unurzul