ULAN BATOR, Apr. 24, 2010 (Xinhua News Agency) -- Mongolia and the Republic of Korea on Saturday signed a cooperation agreement to build a waste recycling plant in the Mongolian capital city.
The cooperating parties are the Ulan Bator municipal administration and the Korea International Cooperation Agency, according to the city's administrative office.
The waste recycling plant, to be completed in 2011 at a cost of 3.5 million U.S. dollars, will sort out, recycle and burn combustible wastes to generate power.
The plant will be located in the suburbs of Ulan Bator.
Municipal authorities have conducted feasibility studies for the construction of a waste recycling plant in the city, which has a population of just over 1 million.
Ulan Bator, founded in 1639, has since become Mongolia's financial, industrial and cultural center, with the country's manufacturers clustered in it.
Source:Xinhua News Agency of PRC
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