Ulaanbaatar Metro Project to be resumed

Economy
anudari@montsame.gov.mn
2018-07-25 14:53:05
Ulaanbaatar /MONTSAME/ In line with the Urban Development Policy, a study on implementation of Ulaanbaatar Metro Project is to be resumed.

Prior, as part of the Ulaanbaatar City Urban Transportation Project (Ulaanbaatar Metro project) a study on metro development was conducted in 2013-2014 with non-refundable aid of the Japan International Cooperation Agency (JICA). Even though the report was discussed at the Citizens' Representative Khural and approved by the National Security Council and the Japanese Government decided to issue USD 600 million soft loan, the project was stalled due to economic capacity and financial capabilities of the country.

According to the officials, we now have economic possibility of establishing metro by 2030, as reflected in the Urban Development Policy. Thus, the previous project has been resumed. It is estimated that USD 1.5 billion will be required to construct a metro in the capital city. Relevant officials noted financial issue can be resolved through domestic and foreign investment, public–private partnership and concession agreements.

The 17.7 kilometer underground line estimated to be established from the Officers' Palace to the Sonsgolon Bridge along the Peace Avenue connecting east to west. Suburban districts are planned to be connected with extended roads. Prior it special and electric bus (RTI and BTI) roads are planned to be set up in the capital.

The metro establishment in Ulaanbaatar city, which has over one million residents, would create 150 thousand jobs and increase the city’s budget revenue by 30 percent. It is predicted that by 2030, the capital city population will reach 1.7 million.
M.Anudari