Amendment proposes that construction permits be issued for five-year terms
During the regular meeting of the Economic Standing Committee, parliamentarians held their first discussion of amendments to the Law on Construction, which states that a special license to build will have a term of five years.
The committee chairman, Ts.Bayarsaikhan, noted, “Five to six years is required to finish building a hydroelectric power plant. Greater construction will be executed in even more time. Under the current law, the special license term to build ends before construction is completed. There are many construction companies with rich experience of 70 to 80 years in the construction sector.” He highlighted that there is an inevitable demand to review the terms for special licenses for construction.
The head of the team to develop the revisions to the law, J.Batsuuri, said at the meeting that the team considered various options for terms, and reached the decision that the most suitable term for a construction permit is five years. “It can be extended by five years and, in total, a permit can be issued for 10 years,” he explained.
According to Minister of Construction Z.Bayanselenge, the special permit for construction companies will be issued by a nongovernmental organization.
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