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

  • Investment for Brazil’s Sao Paulo ring road
    June 8, 2012
    A new loan has been approved that will help finance works on the northern stretch of the Sao Paulo ring road in Brazil. The US$1.15 billion loan is being provided by the Inter-American Development Bank (IADB). Approval for the IADB loan has come from Brazil’s Committee for Economic Affairs (CAE) at Brazil's Senate. The loan will finance construction of the Rodoanel Norte stretch of the ring road. This measures some 44km long and will connect with the west and east sections of the ring road as well as linkin
    Read More
  • Avtodor tender for new section of Moscow-St. Petersburg road
    August 6, 2013
    Russian state company Avtodor is to announce a tender for a new €3.42 billion (RUB 149.1 billion) section of Moscow-St. Petersburg toll highway. The new section will be between the road's 334th and 543rd kilometres, which passes through the Tver (Central) and the Novgorod (North-West) regions. Avtodor will hold a Dutch auction. Private investments will account for about €229.07 million (RUB 10bn) of the project's financing (own and borrowed funds in equal measures), and the remaining funds will come from th
    Read More
  • Hanoi-Can Tho expressway in Vietnam bond financing evaluation
    April 30, 2013
    The capital planning for the major expansion and upgrading of Hanoi-Can Tho expressway in Vietnam is being considered ahead of a National Assembly evaluation for bond financing. The Ministry of Transport (MoT) has made a proposal for the prime minister to seek the National Assembly's permission to issue government bonds to handle the project. Last month, the MoT presented Document 2738/BGTVT-KHDT to the prime minister to seek capital resources for 17 road sections under the project. The government bonds wil
    Read More
  • Improved Lanzhou airport road link in China
    December 10, 2015
    An upgraded road link will reduce travel time to and from Lanzhou Zhongchuan Airport in China Work on the expressway connecting Lanzhou Zhongchuan Airport to Lanzhou city centre is now underway. An important role in the resurfacing work is being played by the use of materials supplied by Shell Bitumen. The facility is the main airport for Gansu Province and it is of major economic importance to the region. The expressway runs some 70km from Lanzhou Zhongchuan Airport to the centre of Lanzhou. Work on the
    Read More

Highlighted Content