Joint projects on health to be co-implemented with Austria

Ulaanbaatar /MONTSAME/ The cabinet meeting on Wednesday decided to choose an Austrian “Vamed Engineering” company as an implementer of five projects and ordered Ch.Ulaan, the Minister of Finance, and N.Udval, the Minister of Health, to establish financial agreements with the company. In accordance with the cabinet's decision, this Austrian company will realize the projects on renewing facilities and equipment of the National Center for Mothers and Infants, renovating facilities of the first State Hospital and strengthening its human resources, and on renewing facilities of the National Center of Oncology. The Austrian “Unicredit” bank has sent an official statement on its decision to give an export loan to the “Vamed Engineering” company. The projects are expected to be realized with a capital of EUR 40 million.