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AKIPRESS.COM - Cabinet authorized Finance Minister of Mongolia B.Choijilsuren to conclude a loan agreement with South Korea during its Tuesday session in Ulaanbaatar, state media report.
Mongolia is implementing a project to support international public transport services on a soft loan from the Export-Import Bank of Korea, Montsame reports.
The loan agreement finances the import of the 43 buses that Mongolia has received and the second batch of buses yet to be imported.
Mongolia hasn’t reformed its international and intercity public transport sector since 1987.