Board of Directors of MCC held meeting on December 10 2009. It approves renewed compact agreement of $284.9 million with the Mongolian Government.
Within this framework, two projects were approved. First, $47.2 million is allocated for energy and environment in improving public health and developing productivity, decreasing Government expense and low quality solid fuel effect.
Second, $79.7 million project is to decrease traffic load of Ulaanbaatar City, building 252 meters long bridge and 174 km long speedway.