Mongolia, ADB sign projects to spur trade, improve hospital services, and upgrade roads

The Asian Development Bank (ADB) and the Government of Mongolia signed loan agreements totaling $103 million for projects that will upgrade border crossing points, complete a district demonstration hospital, and scale-up road rehabilitation efforts in the country.

“As a landlocked country, a large share of Mongolia’s gross domestic product is linked to foreign trade. Improving the efficiency of trade processes and enhancing physical connectivity is essential to facilitate trade and transport in Mongolia,” said ADB Country Director for Mongolia Ms. Yolanda Fernandez Lommen. “Improving people’s access to social services has always been a priority in ADB’s operations in the country. Strengthening hospital services is key to improve the health of the Mongolian population.”

The newly approved additional financing, worth $27 million, for the ongoing Regional Improvement of Border Services Project, will further upgrade border crossing points in Bichigt, bordering the People’s Republic of China in the east; and Borshoo, which borders the Russian Federation in the west. The project will build on the development initiatives of the ongoing project, which is already upgrading facilities and equipment of the crossing points in Altanbulag and Sukhbaatar, located in the northern part of Mongolia.

The $60 million additional financing for the Regional Road Development and Maintenance Project will rehabilitate the 118-kilometer (km) Darkhan–Altanbulag and 58-km Khuiten Valley–Arvaikheer road sections, while further enhancing the condition of the 204-km Ulaanbaatar–Darkhan road section.

The $16 million additional financing for the ongoing Fourth Health Sector Development Project will help the government complete the establishment of Songinokhairkhan district hospital. The multifunctional district hospital will provide quality services to the local population and serve as a demonstration hospital for other districts in the city. The construction of the Songinokhairkhan district hospital is expected to be completed in December this year.

Original source: ADB
Published on 02 October 2019