SOME ENTITIES ENROLL "100 THOUSAND APARTMENTS" PROGRAM

Ulaanbaatar, Mongolia /MONTSAME/ Thirty six citizens, enterprisers and organizations will be involved in implementation of the "100 thousand apartments" national program on erecting apartments, small towns and micro-districts in the capital city and aimags' centers.


A decision on it was made on Wednesday at the cabinet meeting. By doing so, a total of 4,299 apartments will be erected in frames of the national program. Over half of the enterprisers will construct apartments with up to 55 square meters. 3,245 apartments of all apartments and towns will be constricted in the city's six districts, and other apartments--in centers of aimags.



In addition, the cabinet discussed an issue on credit source for small- and middle-sized producers, and then decided to grant loans of MNT 50 billion to the small- and middle-sized businessmen from the Development Bank of Mongolia (DBM) in frames of the "New Great Construction" program. It is expected that 5,580 new job places will be created, and about 2,600 job places will be kept thanks to granting the loans. The size of Gross Domestic Product is expected to increase by two per cent every year as well.



B.Khuder

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