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

  • Bratislava bypass and Karpaty tunnel completion set for 2030
    June 18, 2018
    Slovakia’s national motorway company NDS expects that the Bratislava bypass on the D4 motorway together with the Karpaty tunnel will be completed around 2030. The D4 motorway is part of the trans-European transport network and will connect with the planned R7 expressway linking western and eastern Slovakia, and the existing D1 and D2 motorways”. Apart from construction works on part of the D4 motorway, another two stretches are planned on this link, including the 3.6km stretch from Devinska Nova Ves t
    Read More
  • Landmark bridge for Italy?
    August 9, 2023
    The news that the Italian Government is once again considering building a bridge spanning the Messina Strait is of major significance for the construction sector, as well as for the country.
    Read More
  • Armenia road project receives funding
    September 7, 2018
    A new road project in Armenia is receiving a funding package worth US$150 million.
    Read More
  • Silk Road: 'viable alternative'
    April 4, 2012
    The final results of the International Road Transport Union's (IRU) New Eurasian Land Transport Initiative (NELTI)-Phase 2 have confirmed road trade links between Europe and Asia as an economically-attractive and viable alternative to traditional, saturated maritime trading routes. This was unveiled at the recent 6th IRU Euro-Asian Road Transport Conference and Ministerial Meeting held in Tbilisi, the Georgian capital, which concluded that removing the remaining procedural impediments at borders and deve
    Read More

Highlighted Content