PM GIVES SOME ASSIGNMENTS IN RELATION TO CONSTRUCTIONS

Ulaanbaatar/MONTSAME/ On December 4, Prime Minister U. Khurelsukh met Kh. Badelkhan, Construction and Urban Development Minister, and representatives of the sector, including J.Hicheengui, General Director of ‘State Housing Corporation’ state-owned industry, P. Bayarkhuu, deputy governor of Ulaanbaatar city, and E. Anar, general architector and head of the General Planning Office of Ulaanbaatar City, B. Batbayar, CEO of Development Bank of Mongolia as well as others. At the meeting, they shared views on policy priorities of the sector and issues required to be resolved. The PM was briefed about present situation of mortgage loan issuance, the number of citizens who received mortgage loans, experience of foreign countries on mortgage loan and possible options of mortgage loan issuance. Afterwards, he assigned the Ministry of Construction and Urban Development (MCUD) to formulate a new version of amending the mortgage loan regulations, in collaboration with the Bank of Mongolia and the Ministry of Finance, and report at the Cabinet Meeting within this month. He also instructed to resolve a financing worth MNT56.8 billion to complete unfinished flats for 1562 households, which is being constructed under the order of the State Housing Corporation, and put it into utilization in 2018. Moreover, the MCUD and Ministry of Finance were obliged to accelerate construction of temporary accommodation flats for 1008 households in Nogoonnuur, 9th khoroo of Sukhbaatar district with Chinese non-refundable assistance worth CNY 350 million, for re-planning ger area. They also were reported about extension works of drainage system in aimags and process of building ‘micro sub-unit’ or ‘service center’ with partial engineering system to be constructed within the framework of re-planning of ger area. In the end, the PM expressed his support for MCUD’s proposal on establishing ‘Urban planning, science and planning institute’ which will be responsible for formulating a general plan on population settlement development. M. Unurzul