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

  • Many Moroccan motorway projects now in hand
    November 11, 2014
    Morocco’s Casablanca-Rabat motorway accounts for almost 20% of motorway tolls in the country, generating US$25.16 million for Autoroutes du Maroc (ADM) in the first half of 2014, a growth of 4.1% from the previous year. With relatively low maintenance costs (mainly used for widening the road) the Casablanca-Rabat motorway is ADM's most profitable route. The 76km route is travelled by 51,000 vehicles/day, far higher than any other motorway. The Berrechid-Agadir motorway (which includes Berrechid-Marrakesh an
    Read More
  • Russia's massive road investment continues
    March 23, 2012
    Russia’s road building and upgrading programme is now gathering pace. Russia's Federal Highway Agency plans to bring over 85% of federal roads into conformity with road traffic regulations. The Federal Highway Agency has boosted construction of rural roads by establishing road funds and built over 500km in 2011.
    Read More
  • Delays on Slovakian projects
    July 9, 2012
    Work on several new highways being built in Slovakia as public-private partnerships (PPPs) will be delayed by six to 12 months. This means that the first sections of the Martin-Presov link will not open before 2011. The last section is expected to be completed in either late 2012 or early 2013.
    Read More
  • Serbia road funding being delivered
    January 3, 2017
    A loan of €178 million will pay for the Surcin-Obrenovac highway project in Serbia. The loan for the work is being provided by China’s Export-Import Bank. The financing deal has been agreed between the Serbian Government and the Chinese bank. When Chinese sources deliver funding for road projects, a usual stipulation of the agreement is that the main contracting work should be carried out by a Chinese firm. However, the names of the company or companies that will be involved in the road construction have ye
    Read More

Highlighted Content