Public park to be established through public-private partnership
- By Dulguun Bayarsaikhan -
- Nov 29,2022
Mayor of Ulaanbaatar D.Sumiyabazar and President of Max Group D.Ganbaatar signed a memorandum of cooperation for a project on establishing a public park in 8th district of Khan-Uul District or near Yarmag.
Within the aims of decentralizing Ulaanbaatar and increasing the number of recreation parks and greenery, the memorandum was signed to establish a park and a tourism and sports complex with a modern horse racetrack and park. In this regard, the sides agreed to cooperate on the implementation of two projects: the construction of a public park on five hectares of public land and the construction of a tourism and sports complex with a modern horse racetrack on the land owned by the entity.
According to the memorandum of cooperation, the company is responsible for attracting domestic and foreign investment and financing, completing the construction work and putting it into operation. On the other hand, the capital city is committed to supporting the construction of the project, developing a partial master plan related to the construction work and resolving any issues related to the approval of the project in accordance with the appropriate procedures.