City Authorities Sign Seven Concession Agreements for New Public Projects

Authorities of the City of Ulaanbaatar and companies executing seven new public projects signed memorandums of understanding on Friday to proceed with concession agreements.

Under state policy for public and private partnership (PPP) established in 2009 and the Law on Concession adopted in 2010, analysts say a favorable environment was created for upgrading PPP by building mutually beneficial cooperation in supplying the shortage of and improving access to highly-demanded infrastructure and basic social services, addressing the city's active population growth and urbanization.

Since 2014, the Citizens' Representatives Khural (City Council) of Ulaanbaatar has placed 46 projects on a list of city-owned concession items. They include three residency construction projects nine transportation projects 20 projects on education, culture and sports nine healthcare projects and five projects on infrastructure development.

City officials concluded concession agreements on the following...