The loan agreement must be amended
During the state visit of Chairman Hu Jintao, People’s Republic of China in 2003, he offered 300 million US$ soft loan for the Government of Mongolia for its funding infrastructure. The Government of Mongolia stopped the funding of this loan to the water power plant of Eg river in January 2008 and made resolution to use this loan for funding programs and projects that are environmentally friendly and sound and can bring real impact in the economy of Mongolia. Therefore, the Government decided to fund in the following five directions and propose to the State Great Khural:1. Road building in the west (50.0 million US$)
2. Engineering infrastructure and construction material of housing estates (100 million US$)
3. Railway and strengthening its locomotive and moving parts (60.0 million US$)
4. Improving infrastructure of Zamyn Uud (50.0 million US$)
5. Innovation of the information and communication central network of Mongolia (40.0 million US$)
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