78 million USD is to be invested

Jul 27 • Economy • 426 Views • No Comments on 78 million USD is to be invested

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Total of USD 78 million is to be invested in to road sector in the capital. This amount comes from International Banks, Financial organisations and investor countries. Grant aid from Japan, Soft loan from South Korea and Urban Development project of Development Bank of Asia secures this amount to be invested into the capital’s road construction and extension.

All sectors are reluctant to use domestic workforce to save the expenditure of the State budget. During the first half of the year 2009, revenue of 61.8 billion MNT is generated which is 106.3% of the predicted income. Construction and extension works are to start this week says a report.

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