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

  • ADB to provide US$300 million loan for roads project in Chhattisgarh, India
    December 13, 2012
    The Chhattisgarh government in India will receive a US$300 million loan from the Philippines-based Asian Development Bank (ADB) for upgrading more than 900km of roads by 2017. The project will include works like building new sections, expanding roads to accommodate a two-lane system as well as the construction and strengthening of culverts and bridges. The state will also contribute over $128 million for a total project investment cost of $428.10 million.
    Read More
  • Kazakhstan ring road moving forward
    June 29, 2015
    Plans are progressing in Kazakhstan for the project to construct the Big Almaty Ring Road. A number of investors are involved in financing the project and are planning to invest US$1.2 billion in the ring road. The contract will include construction and operation of the project. Strong interest has been shown in the project by the EBRD, the Asian Development Bank, IFC, and the Islamic Development Bank. Meanwhile according to Kazakhstan's Committee of Roads, the economic effect of the Western Europe-Western
    Read More
  • Papua New Guinea road rehab plan
    June 11, 2018
    The Asian Development Bank (ADB) is providing a loan facility that will help Papua New Guinea to rebuild its Highlands Highway.
    Read More
  • Bolivia's Santa Cruz road corridor connector project
    December 22, 2016
    Bolivia’s ambitious Santa Cruz road corridor connector project is providing an important link for the country - Gordon Feller writes The World Bank has been organising a US$230 million loan to upgrade a vital connector linking the country’s northern and southern transit corridors. Meanwhile, another $100 million is coming from Bolivia’s government.
    Read More

Highlighted Content