ULAN BATOR, Sept. 10 -- The municipal office of the Mongolian capital city signed a memorandum of understanding with a Chinese construction company here on Tuesday to launch the "Beijing street" project.
Gantomor Nyamdavaa, deputy mayor of Ulan Bator in charge of road, transportation and infrastructure, and China's Mongolia branch of the Beijing Corporation Engineering Group (BCEG) signed the document, according to a press release.
Funded by the Chinese government with 60 million RMB (about 10 million U.S. dollars), the project will update a bridge in the city and build a four-lane road in the city, which will be named after China's capital of Beijing.
With their ample experience and high-technology, more and more Chinese construction companies, including BCEG, are participating in Mongolia's infrastructure and construction.
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