MONGOLIAN CAPITAL CITY HOPES TO IMPROVE TRANSPORTATION WITH HUGE INVESTMENT
THE MONGOLIAN CAPITAL CITY WILL DIVERT THE BULK OF INVESTMENT TO DEVELOP ITS TRANSPORTATION SECTOR, THE CITY"S MAYOR SAID FRIDAY.
THE CITY"S NEW DEVELOPMENT PLAN OUTLINED SOME 115 PROJECTS TO BE FINISHED BY 2030 AND THESE PROJECTS REQUIRE A TOTAL INVESTMENT OF NEARLY 9.9 BILLION U.S. DOLLARS, SAID G. MUNKHBAYAR, GOVERNOR AND MAYOR OF ULAANBAATAR, AT A FORUM JOINTLY HOSTED BY HIS OFFICE AND THE ASIAN DEVELOPMENT BANK (ADB).
The main purpose of the forum was to introduce some high priority projects and discuss the legal environment for investment, said Munkhbayar.
Robert Shoelhammer, ADB mission director, said the ADB would help the city modernize its public transport system and the development of its vast ger areas, where municipal services such as heating and power supply are hard to get, but they are home to some 60 percent of Ulaanbaatar”s residents.
In a keynote speech delivered at the forum, Mongolian Prime Minister Sukhbaatar Batbold said the government is aware of the hurdles and potentials the capital city faced in its development process and it would fully support Ulaanbaatar”s future development programs.
According to the latest official statistics, over 1.2 million people or 42.7 percent of the country”s total population are living in Ulaanbaatar and 48.6 percent of Mongolia”s GDP is generated by the city.
However, the mega-city is also troubled with thorny problems such as traffic congestion, air pollution, the lack of infrastructure and so on.
The forum also discussed issues including water supply, sewage disposal, and housing construction, among others.
Hundreds of participants including representatives from international financial and corporation organizations, diplomats of foreign countries to Mongolia, and foreign and domestic businessmen took part in the forum.
SOURCE : NEWS.MN
THE CITY"S NEW DEVELOPMENT PLAN OUTLINED SOME 115 PROJECTS TO BE FINISHED BY 2030 AND THESE PROJECTS REQUIRE A TOTAL INVESTMENT OF NEARLY 9.9 BILLION U.S. DOLLARS, SAID G. MUNKHBAYAR, GOVERNOR AND MAYOR OF ULAANBAATAR, AT A FORUM JOINTLY HOSTED BY HIS OFFICE AND THE ASIAN DEVELOPMENT BANK (ADB).
The main purpose of the forum was to introduce some high priority projects and discuss the legal environment for investment, said Munkhbayar.
Robert Shoelhammer, ADB mission director, said the ADB would help the city modernize its public transport system and the development of its vast ger areas, where municipal services such as heating and power supply are hard to get, but they are home to some 60 percent of Ulaanbaatar”s residents.
In a keynote speech delivered at the forum, Mongolian Prime Minister Sukhbaatar Batbold said the government is aware of the hurdles and potentials the capital city faced in its development process and it would fully support Ulaanbaatar”s future development programs.
According to the latest official statistics, over 1.2 million people or 42.7 percent of the country”s total population are living in Ulaanbaatar and 48.6 percent of Mongolia”s GDP is generated by the city.
However, the mega-city is also troubled with thorny problems such as traffic congestion, air pollution, the lack of infrastructure and so on.
The forum also discussed issues including water supply, sewage disposal, and housing construction, among others.
Hundreds of participants including representatives from international financial and corporation organizations, diplomats of foreign countries to Mongolia, and foreign and domestic businessmen took part in the forum.
SOURCE : NEWS.MN
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