Government to finance four plant projects

Ulaanbaatar /MONTSAME/ The Cabinet meeting decided Monday to finance four plant projects with the capital collected from the Government bonds trade. Those are ‘Khokh Tsav’ cement plant project of Mongolyn Alt LLC, a ‘Moncement’ plant project of Monpoliment LLC, a cement factory project of Davaat cooperative and Erchim company, and an intravenous solution plant project of Enkhiin Shuuder LLC. The Khokh Tsav cement plant will have daily production capacity of three thousand ton clinker, annually of one million tons. The same amount of cement will be produced by the Moncement plant annually, while the joint cement factory of Davaat cooperative and Erchim will have capacity of producing annually 300 thousand tons of cement. The intravenous solution plant will produce seven million vials a year. A financing will be given to the contractors via the Development Bank with a repayment condition--up to one third of the financing to be paid back to the Government by May 2017.