Mongolia's road ahead

Financing worth a total of US$170 million will help fund construction of Mongolia's Western Regional Road Corridor. This will be provided by the Asian Development Bank (ADB) in a series of payments.
April 25, 2012 Read time: 1 min
Financing worth a total of US$170 million will help fund construction of Mongolia's Western Regional Road Corridor. This will be provided by the 943 Asian Development Bank (ADB) in a series of payments. The cost of the project is expected to require a total of $262 million in funding. The link is expected to be completed by late 2020 and will connect Mongolia with Russia and China, providing a valuable trade route. The Mongolian Government is expected to invest $92 million in the project. The project also includes rehabilitation and construction of connecting local roads, construction of more than 290km in regional roads, providing development support and training, and the set up of three road maintenance units.

For more information on companies in this article

Related Content

  • Targeted road loan for Uzbekistan
    July 8, 2020
    A targeted road loan will pay for a route upgrade in Uzbekistan.
    Read More
  • Colombian road projects being planned
    March 5, 2021
    A series of major Colombian road projects is being planned.
    Read More
  • Nicaragua road project funding deal
    February 1, 2018
    Nicaragua’s Ministry of Transport and Infrastructure (MTI) is setting out its road development programme for 2018. In all the plans call for the construction of 171km of roads. Work will be completed for the road from Mulukuku to Siuna, with the first 23km stretch due to open in September 2018 and the remaining 21.5km expected in December 2018. Meanwhile the road from Nueva Guinea to San Francisco should be complete by November 2018. Work started on these two routes in 2016. The project also calls for
    Read More
  • New Uganda expressway project underway
    July 15, 2019
    Construction work is underway in Uganda for a new expressway project. The 24km Busega-Mpigi Expressway project is being handled by the Chinese contractor China Civil Engineering Construction Corporation (CCEC). The contract is being overseen by the Uganda National Roads Authority (UNRA). Financing for the project worth US$143 million has been provided in the shape of a loan from the African Development Bank (ADB). Around 9km of the route has already been built, with completion expected in 4 years-time.
    Read More

Highlighted Content