EBRD to fund UB city heat supply project www.zgm.mn
The Government of Mongolia and the European Bank for Reconstruction and Development (EBRD) signed an agreement to implement the Ulaanbaatar heat supply project. The project is expected to increase the capacity of Ulaanbaatar’s central heating system. EBRD is providing USD 137 million for investments to double the throughput capacity of the 202-kilometer road between Mongolia’s capital Ulaanbaatar and the third-largest municipality of Darkhan. 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. “The construction work of UlaanbaatarDarkhan road had been guided from Mandaluyong, headquarter of the Asian Development Bank. However, the implementation of the project was assumed as disqualifying and not intensified. Based on the fact, we decided to manage the project from Ulaanbaatar last week,” addressed the Ministry of Finance, Khurelbaatar Chimed. The investment is supported by the Ministry of Road, Transport and Development of Mongolia and benefited from technical cooperation funds provided by the EBRD. The funds will assist in making the state road fund operational and help improve overall road maintenance in the country. The EBRD investment is complementing earlier works along the same transport corridor funded by the Asian Development Bank (ADB).