Chinese Government provides $4.2 million grant — via a December 2002 ETCA — for the Mongolian National Chamber of Commerce and Industry (MNCCI) Office Building Construction Project (Linked to Record ID#40211)

On December 31, 2002, the Chinese Government and the Government of Mongolia signed an Economic and Technical Cooperation Agreement (ETCA), which committed $4 million for multiple projects (see Record ID#40211).

Wang Fukang, charge d'affaires of the Chinese Embassy in Mongolia, and Mongolia's Foreign Minister Luvsangiin Erdenechuluun signed the agreement.

Then, on March 5, 2003, the Government of Mongolia issued a resolution which stated that $2 million of the grant proceeds from the ETCA would be earmarked for the Mongolian National Chamber of Commerce and Industry (MNCCI or МҮХАҮТ) Office Building Construction Project. Ultimately, the Chinese Government provided $4.2 million of grant funding to support the implementation of the project.

The purpose of the project was to construct a new office building for the Mongolian National Chamber of Commerce and Trade (MNCCT) in the 1st khoroo of Ulaanbaatar’s Khan-Uul district.

The 60 meters x 15 meters office building, which is located 1.27 hectares north of a golf course, is a 6-storey cast-in-place reinforced concrete frame building with a basement. The project also involved the construction of an exhibition hall that is 30 meters x 30 meters. Land was allocated for the construction of the building on April 25, 2003.

Construction was originally scheduled to begin on February 2, 2005. However, it did not begin until May 2007. The project was ultimately completed and handed over to the local authorities on January 5, 2009.