Soft loan agreement signed with the ADB for Darkhan road repairs

The American Chamber of Commerce in Mongolia

2018-07-23 14:27 GMT+8

On July 23, Minister of Finance Ch. Khurelbaatar and the ADB Country Director for Mongolia, Yolanda Fernandez Lommen, signed a 60 million USD soft loan agreement to finance repairs for the Ulaanbaatar-Darkhan and Darkhan-Altanbulag roads, a major part of the road corridor connecting China and Russia. According to official data, the highest number of auto accidents takes place in nine sections of the route due to potholes, steep inclines, and limited visibility. Road repairs, expansion, and road sign installation are planned for these nine sections of the two routes.       

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