Chinese Government provides $500,000 grant — via a December 2002 ETCA — for the Altanbulag Free Trade Zone Project (Linked to Project ID#40400, #40211, and #85384)

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 linked project 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 that stated that the grant proceeds from the ETCA would be allocated to following projects/activities: (1) $2 million for Mongolian National Chamber of Commerce and Industry Building Construction Project (captured by linked project ID#40400); (2) $1.5 million for the development of an “Altanbulag” free trade zone master plan and feasibility study as well as Phase 1 “Altanbulag” free trade zone construction activities; and (3) $500,000 of the grant proceeds from the ETCA would be earmarked for the Wholesale Network Project (“Бөөний худалдааны сүлжээ” хөтөлбөрийг) (captured by linked project ID#85384). It is unclear whether the Chinese Government ever disbursed funds for the Altanbulag free trade zone construction project or for the Wholesale Network project, as the Chinese Government ended up devoting over $4 million to the Mongolian National Chamber of Commerce and Industry Building Construction Project alone.

Additional details

It is unclear whether the Chinese Government ever disbursed funds for the Altanbulag free trade zone construction project or for the Wholesale Network project, as the Chinese Government ended up devoting over $4 million to the Mongolian National Chamber of Commerce and Industry Building Construction Project alone. As such, AidData has coded both those projects as Pipeline: Pledge for now. As this is an ETCA, which is a financing mechanism specific to China's Ministry of Commerce (MOFCOM), AidData has coded MOFCOM as the specific Chinese Government institution responsible for providing this grant.

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