AFFECTED FLOWOutflow (subsidised)
ANNOUNCED AS TEMPORARYNo
On April 16th, 2015, a 36.85 billion yen ($32.29 million USD) loan agreement was signed between the Mongolian government and the Japanese International Cooperation Agency (JICA) for the New Ulaanbaatar International Airport Construction Project. This loan will be part of the Japanese International Cooperation Agency's STEP program which implies that the loan will go towards providing Japanese-sourced technologies, airport construction services and consulting services.
Special Terms for Economic Partnership (STEP)
A stipulation in JICA ODA loan agreements is the utilization of advanced Japanese technologies and the employment of Japanese firms in overseas projects.
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