Mongolian government to invest US$407.87mn in roads in 2013

The Mongolian government has pledged to invest US$407.87 million (MNT 570bn) in road projects in 2013. In May, work will begin on a $3.5 billion 1,000km long high speed road between Altanbulag-Ulaanbaatar-Zamyn-Uud. Due for completion in October 2015, the road will be built on a concession basis. The executor company will own the road from 2015 to 2040, when it will come under state ownership. Six aimags (first-level administrative subdivision) Umnugobi, Dornogobi, Khuvsgul, Dornod, Dundgobi and Bayankhongo
April 3, 2013 Read time: 1 min
The Mongolian government has pledged to invest US$407.87 million (MNT 570bn) in road projects in 2013. In May, work will begin on a $3.5 billion 1,000km long high speed road between Altanbulag-Ulaanbaatar-Zamyn-Uud. Due for completion in October 2015, the road will be built on a concession basis. The executor company will own the road from 2015 to 2040, when it will come under state ownership.

Six aimags (first-level administrative subdivision) Umnugobi, Dornogobi, Khuvsgul, Dornod, Dundgobi and Bayankhongor will be connected to Ulaanbaatar City in 2013. A total of 1,400km of roads will be built during 2013.

Related Content

  • Six-lane Indian expressway to be built between Ludhiana and New Delhi
    January 21, 2013
    The Indian government has announced plans to build a six-lane expressway between Ludhiana in Punjab and New Delhi. Road Transport and Highways Minister CP Joshi said the states of Delhi, Haryana and Punjab gave an in-principle approval for the construction of the 357km long expressway. The Delhi to Ludhiana stretch will be 266km, while a spur of 91km will be built to Chandigarh. Joshi further stated his Ministry will seek an approval from the Cabinet after the completion of a detailed project report. PwD Se
    Read More
  • Building Georgia’s transport connections to its neighbours
    October 26, 2016
    Georgia’s government aspires to turn the country into a regional transport-transit hub, and with renovated and expanded transportation infrastructure it knows that the country can offer significant opportunities to others in the region, and globally – Gordon Feller writes The Caucasus Transit Corridor (CTC) is the key transit-route between Western Europe and Central Asia for oil and gas, as well as dry cargo. CTC is part of TRACECA (TRAnsport Corridor Europe to Central Asia). This is the shortest route
    Read More
  • Mongolia capital road safety upgrade
    August 25, 2021
    Mongolia’s capital Ulaanbaatar looks set to benefit from a road safety upgrade.
    Read More
  • Hanoi to reduce traffic jams with US $ 96.02mn investment
    September 13, 2012
    The municipal government of Hanoi is to invest US $ 96.02 million to reduce traffic jams in 27 locations in the Vietnamese capital. Between 2012 and 2015, the government will build more parking lots and multi-story car parks in the city as well as eight new overpasses. Bus stations will be relocated from the city centre. Construction of arterial roads including Cat Linh-La Thanh-Thai Ha-Lang and Van Cao-Ho Tay will be quickened.
    Read More

Highlighted Content