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

  • Nepal rural roads upgrade plan
    February 16, 2018
    Rural roads in Nepal look set to benefit from an upgrade programme, with partial funding from the Asian Development Bank (ADB). The Nepalese Government has set out plans for its Rural Connectivity Improvement Project, which targets upgrade work for 388km of rural roads. These links will be surfaced and financial support of US$100 million for the work will be sourced from the ADB.
    Read More
  • US$5.9 billion for three Philippines expressways
    July 10, 2024
    US$5.9 billion is being spent for three new expressways in the Philippines.
    Read More
  • Ukraine road development: funding secured
    November 22, 2019
    Funding has been secured to help pay for major improvements to Ukraine’s road network.
    Read More
  • Vietnam's new highway - coming soon
    May 30, 2012
    Construction work will commence shortly on a new 220km transnational highway in Vietnam. The first phase of the project is expected to cost US$390 million and in all the road will cost in the region of $500 million. Some $134 million for the project is being supplied in loan form from South Korea, with a $25 million loan from Australia and a $75 million loan from the Asian Development Bank.
    Read More

Highlighted Content