Source: English.News.mn                         Date: 17 February, 2011

First Deputy Mayor B.Baatarzorig revealed on Monday the first list of contract work to be done in Ulaanbaatar by the private sector under the recently passed law of concession.

The State Property Committee has organized a series of meetings to explain the law to citizens and economic entities. The thrust is to have the private sector invest in construction programs. Selection of contractor will be restricted to those willing to spend at least MNT1 billion.                                                                                                       
The Civil Representatives Assembly has ratified the list which includes altogether 100 items for work under private-public partnership. Of these, 45 should be started in 2011.

The Mayor’s Office has plans for programs worth MNT79 billion in Ulaanbaatar and officials hope much of the investment will come from the private sector. A committee headed by Mr. Baatarzorig has been set up to select concession owners.

The list includes five underground subways, apartments for rent, diagnostic

centers, a swimming pool, a sports center, a children’s library and auto roads.