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

  • Ministers at ITF agree transport investment is crucial for growth
    May 23, 2013
    Ministers from the 54 member countries of the International Transport Forum are calling for more investment in strategic transport infrastructure and services. “Funding transport is a major challenge for transport policy today. The demand for mobility through high-quality transport networks and services is growing fast”, the ministers stated in a joint Declaration on Funding Transport agreed today during their 2013 Summit in Leipzig, Germany. “Transport infrastructure is much more than asphalt, concrete or
    Read More
  • Major US interchange project underway
    February 14, 2012
    Work is starting in the US on a US$356 million interchange project that will connect I-95, I-91 and Route 34 Interchange in New Haven.
    Read More
  • Managing urban motorway complexity in Sydney
    October 4, 2012
    Sydney’s Hills M2 motorway is being widened while still carrying traffic and meeting tough environmental criteria More than 100,000 vehicles and over 27,000 bus commuters use the Hills M2 motorway on a typical workday, making it one of Sydney’s busiest motorway corridors. Owned and managed by Hills Motorway Ltd (HML) and a key part of the city’s orbital motorway network, the road stretches over 21km, providing a seamless link between the Lane Cove Tunnel and Westlink M7. The Hills M2 Upgrade is one of many
    Read More
  • ARTBA sees growth for US transport construction
    December 5, 2017
    Steady growth in the US market for transport infrastructure construction in 2018. This prediction comes from a new report by the American Road & Transportation Builders Association (ARTBA). The report suggests that the US transportation infrastructure market will rebound slightly next year, following a 2.8% drop in 2017.
    Read More

Highlighted Content