ADB Greenlights Mongolia's Sustainable Urban Transport Program - M.A.D. Investment Solutions: "“Ulaanbaatar is a boom town bursting with people and vehicles. For the long-term livability of the city, its growth needs to be managed to ensure it’s sustainable, and to allow greater access to the wide array of economic opportunities and social services available to its residents,” said Raushan Mamatkulov, Senior Urban Development Specialist at ADB.
Using a multi-tranche loan of up to $217.4 million, the first phase of the program will upgrade 7.7 kilometers of road and expand a bridge for a bus rapid transit (BRT) corridor installation, and also upgrade 14-km of electric trolleybus infrastructure, including electric wires, feeder cables and substations. The second phase will build three additional bus depots and upgrade 11.1-km of trolleybus infrastructure. The final phase, which will be completed by 2020, includes the further expansion of the BRT system."
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