Four roads financing resolved

Ulaanbaatar /MONTSAME/ The cabinet meeting on Wednesday decided to issue some 29 billion togrog from the Development Bank for financing a construction/renovation of four auto roads in the UB city. It will be a part of the Government and the UB city’s 2012-2016 action platform, according to which 212 km auto roads will run and 350 km will be renovated/expanded. The cabinet also resolved that the money will be paid back to the Bank by a way of putting 20 billion with an interest to the government’s budget in 2015 and 8,6 billion with an interest—to the city’s budget of the same year.