Premier visits “House construction factory-1”

Ulaanbaatar /MONTSAME/ Within the “Hour for solutions” weekly meeting, on Wednesday, the Prime Minister Ch.Saikhanbileg witnessed assembling works at the “House construction factory-1”, which is being renewed in a scope of the “New great construction” program. The renovation has taken investments of 23 million US dollars from a reserve of the "Chingis" bonds in the Development Bank of Mongolia (DBM) and a financing from the Russian Federation. Some 20 million Euros have been given from Germany’s Commerzbank for purchasing equipment, said N.Monkhbat, DBM CEO. He added that experts of Germany’s “Ebawe” are assembling the factory’s equipment, this work is going with 90% so far. “When the factory is commissioned, it will supply the national market with all kinds of construction materials, metal and concrete facilities. It will be also possible to produce slabs for 5,000 flats a year. But the project needs extra financing for the assembling. If the DBM gives USD 6.2 million, we are ready to make the factory in use,” said B.Erdenebat, a manager of the “House construction factory-1” project. After the reports, the Premier obliged the DBM CEO N.Monkhbat to calculate all financing given to the project and to show to the government. After determining the money for the project, the extra financing matter will be resolved.