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

  • New South Wales is seeking financial packers for WestConnex in Sydney
    June 19, 2015
    Investment bank Goldman Sachs will soon be sending out expressions of interest for backers to finance Australia’s biggest road deal, the three-stage WestConnex project to be rollout by the New South Wales government. According to a report by The Australian newspaper, initially around US$1.17 billion will be needed for the first phase of the Sydney toll road project. The first phase will likely cost between nearly $2.35 billion and $3.9 billion. Total cost of all three phases over 10 years could be as
    Read More
  • Colombian highway projects under development
    June 29, 2018
    A finance package has been secured in Colombia for the Autopista al Mar 1 highway project. A loan worth close to US$206 million is being provided by the national development bank, Financiera de Desarrollo Nacional (FDN). The highway forms part of Colombia’s 4G infrastructure development plan and the finance package will be provided in three separate tranches. The construction work is being carried out by a consortium comprising Strabag, Concay and Sacyr Concesiones. The project will upgrade the 71km
    Read More
  • Italian highway deals moving ahead
    January 21, 2022
    Important Italian highway deals are moving ahead.
    Read More
  • Indonesia’s Trans-Papua road gets priority to support National Games
    May 14, 2015
    Indonesia’s president Joko Widodo has vowed to complete the Trans-Papua Highway by 2019, two years later than previously scheduled. Work on the seven-year old project has been dogged by difficulties, including transporting construction equipment and material around the mountainous province on the island of New Guinea, the Jakarta Post newspaper reported The Ministry of Public Works and Public Housing said it will spend around $4.36 billion this year on infrastructure nationally. This will include reha
    Read More

Highlighted Content