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EBRD Finances Major Infrastructure Project in Mongolia

Infra News - Published on Fri, 24 Jan 2020

Image Source: Ulaanbaatar-Darkhan Motorway
Regional integration and international trade between Mongolia, China and Russia will be boosted by the completion of a major infrastructure project supported by the EBRD. The Bank is providing USD 137 million for investments to double the throughput capacity of the 202-kilometre road between Mongolia’s capital Ulaanbaatar and the third largest municipality of Darkhan. The sovereign loan will finance the construction of two new lanes adjacent to the existing lanes of the Ulaanbaatar-Darkhan motorway. The country’s busiest road, which was constructed between 1943 and 1974, has not been properly maintained and over 90 per cent requires urgent refurbishment.

The investment will address the issue of road safety and will bring a number of economic benefits for the country and the region. In addition to employment opportunities, the improved road will offer better infrastructure, including rehabilitated bridges and flood protection installations, which will result in safer rides for the community and transit vehicles.

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Posted By : Yogender Pancholi on Fri, 24 Jan 2020
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