Tag Archives: Affordable Housing

Mongolia to Further Develop its Infrastructure

May 18 – Mongolia’s Cabinet identified a list of several “urgent” roads and bridges that need to be built. It also announced that 5,572 kilometers of roads and 900 kilometers of highways connecting Ulaanbaatar with aimags (provinces) would be restored under the umbrella of the country’s US$3.75 billion “New Up Building” program. While US$3.5 billion will be drawn from the mining sector for the program, US$17.5 million of the funding is expected to come from foreign and domestic investment, according to officials.

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