Villages in remote western Mongolia are expected to benefit from a new Asian Development Bank financing facility designed to help improve the road network in the area.
ADB announced Dec. 12 it would provide up to $170 million for the construction of more than 290 kilometers of regional roads and the construction and rehabilitation of local roads. The funds will also be used to build and furnish three road maintenance units and provide training and capacity development support for Mongolia’s transportation sector.
Steven Lewis-Workman of ADB’s East Asia Department said these activities are expected to reduce western Mongolia’s isolation and spur development in the area, which is among the country’s poorest regions.
These latest ADB investments complement the bank’s ongoing involvement in the construction of the Western Regional Road, which would link Mongolia to Russia in the north and to China in the south. The bank would be providing $45 million as the first tranche in the three-installment financing facility.
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