Mongolia has asked the Russian government for a loan on preferential terms in the amount of 100 billion rubles ($1,5 million) for the implementation of its energy projects.
This was announced by Deputy Prime Minister of Russia, Alexey Gordeyev, following a working meeting with his Mongolian colleague Ulziisaikhan Enkhtuvshin. As a reference, Gordeev and Enkhtuvshin are co-chairmen of the Russian-Mongolian intergovernmental commission.
In particular, Mongolia intends to allocate the credit funds to the development and modernization of TPP-3 and TPP-4 located in Ulan Bator.
"Ulziisaikhan Enkhtuvshin has asked for financial support and a 100-billion rubles soft loan for the further implementation of joint energy projects, including the development and modernization of TPP-3 and TPP-4 located in Ulan Bator”, the press office of the Russian Vice PM said.
Participants in the meeting have also discussed the implementation of a program for the creation of Russia-Mongolia-China economic corridor, highlighting three main projects for priority implementation out of more than 30 ones envisaged in the program. These are projects related to tourism, culture, and environmental protection. In the field of transport cooperation, the modernization and development of the Central Railway Corridor were identified as a priority.