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

  • New Bolivian highway programme planned
    June 17, 2015
    Bolivia's state-owned road operator Administradora Boliviana de Carreteras (ABC) has an ambitious road building programme. This will see the construction of a further 3,172km of roads, of which almost 1,000km will be completed in 2015. The 1,000km of roads on track for completion comprise some 16 projects in seven departments. ABC has budgeted US$1.17 billion for its programme of works, an increase over the $995.4 million for the previous financial year.
    Read More
  • Mongolia to boost roads investment to improve access
    June 14, 2012
    The Mongolian Government is to boost investment in the country’s road network to improve access in major towns and cities and connect outlying areas. Approved projects include repairing 35km of roads and building 25km of paved roads in the capital Ulaanbaater. Other projects include a 104km road between Mangdalgobi and Ulaanbaatar; a 45km road connecting Ondorkhaan with Monkhkaan, Baruun and Urt, and a 127km road between Tosontsengel and Tsakhiur. These will all be built by 2013.
    Read More
  • Financing for Mongolian road projects
    October 7, 2019
    Financing has been secured to help pay for a series of road and infrastructure projects for Mongolia.
    Read More
  • Latin America invests in infrastructure growth
    February 15, 2012
    Travelling in one of the world's most diverse regions is not always easy, but spectacular engineering feats will make life easier as Patrick Smith reports. Five years ago a report from the World Bank noted that infrastructure in most of Latin America and the Caribbean (LAC) had improved over the previous ten years.
    Read More

Highlighted Content