Ulaanbaatar
Mongolia and the Kuwait Fund to Cooperate in the Road and Transportation Sector
Politics
Ulaanbaatar, January 24, 2025 /MONTSAME/. During the working visit to the State of Kuwait to establish an Agreement on Air Relations, State Secretary of the Ministry of Road and Transport of Mongolia Batbold Sandagdorj met with Acting Director-General of the Kuwait Fund for Arab Economic Development Waleed Al-Bahar.
At the meeting, the two sides exchanged views on current projects and projects and programs to be implemented collaboratively by Mongolia and the Kuwait Fund. Specifically, the two parties discussed the joint implementation of the project to expand the 101.7-km Ulaanbaatar-Lun Highway, which is a part of the 382-km Ulaanbaatar-New Kharkhorum City project, to six lanes and agreed to jointly implement the project with Qatar’s Sovereign Wealth Fund, Dubai Investment Fund, Oman Investment Fund, and other international investment organizations.
Acting Director-General Waleed Al-Bahar noted that the Kuwait Fund closely cooperates with Gulf Cooperation Council funds and expressed commitment to involve these funds in implementing joint projects and to fully implement current projects that are underway.
In 2018, a Grant Agreement of USD 3.5 million for the Renovation of Undurkhaan Airport was signed between the Government of Mongolia and the Kuwait Fund for Arab Economic Development. The project to reconstruct Undurkhaan Airport of Khentii aimag is now in progress.
Additionally, Mongolia and the Kuwait Fund cooperated in various projects in the road and transport sector. From 2002-2015, a total of 415 kilometers of roads on the Darkhan-Erdenet, Erdenet-Bulgan-Unit, and Unit-Tarialan routes were built with funding from the Kuwait Fund.
