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

  • US road safety is a cause for concern
    September 6, 2021
    There is concern over a worrying trend in US road safety, while there have been steady gains in road safety in Europe
    Read More
  • Elonroad’s electric road and recharging lane for buses in Lund
    April 17, 2019
    Sweden’s Transport Administration (Trafikverket) has awarded a contract to the Elväg Syd consortium for an electric and recharging bus lane in the city of Lund. The demonstration area will be built in the bus lane along 1km of Getingevägen Road near central Lund. Construction will begin during the first quarter of 2020 and last for three years. The project’s budget is €9.3 million of which Trafikverket will contribute €8.3 million with the other consortium players supplying the remaining funds. Lun
    Read More
  • Chilean earthquake presents big infrastructure bill
    February 8, 2012
    Estimates now suggest that repairs to Chile's earthquake damaged infrastructure will cost the country's government in the region of US$1.2 billion. Meanwhile private highway operators are expected to pay an additional $200 million for repairs to links they manage.
    Read More
  • Russian regional road revamp building budget
    March 23, 2015
    Regional roads in Russia look set for a revamp during 2015. Some US$6.64 billion will be spent on Russia’s regional roads, according to the Rador association. This compares against the $5.8 billion spent on repairs and revamping of Russia’s regional roads in 2014. The aim is to build and maintain some 1,620km of Russia’s regional roads in 2015, compared with 1,249km achieved in 2014. Russia’s regions allocated $3.23 billion for road repairs and maintenance in 2014. This plan saw improvements to 9,219 region
    Read More

Highlighted Content