“Ulaanbaatar-International Investment and Partnership" Forum held

Densmaa 2023-04-24 04:04

Economy

Last week, the “Ulaanbaatar-International Investment and Partnership” Forum was held under the theme “New Revival-Ulaanbaatar.”

Last week, the “Ulaanbaatar-International Investment and Partnership” Forum was held under the theme “New Revival-Ulaanbaatar.” The Forum presented 50 major projects that require investment and public-private partnership. The General Manager of Ulaanbaatar and Head of the Governor's Office of the Capital City of Ulaanbaatar gave a speech on "Current state of urban and public utilities, and possibilities of public-private partnership" for further discussion. A representative of the World Bank in Mongolia made a speech "Possibility of investment sources of the capital city and Activities of the World Bank." He presented the World Bank’s Country Partnership Framework for Mongolia in 2020-2025. The participants exchanged information and opinions on opportunities to invest in the long-term sustainable development of the capital and were informed on the Water Supply Project of the Millennium Challenge Corporation’s Mongolia Water Compact. At the forum, 14 memorandums and three agreements were signed for solving environmental and infrastructure problems in Ulaanbaatar, expanding cooperation with the private sector in urban planning, construction, and road construction, and allowing the private sector to perform some government functions. In addition, the Governor's Office of the Capital City of Ulaanbaatar signed agreements with five enterprises to cooperate so that the private sector executes some urban and public utility works.