Proposal put forth to cooperate in supporting public and private partnerships

2022-03-17 13:13:55

Ulaanbaatar /MONTSAME/ Governor of the capital city and Mayor of Ulaanbaatar D.Sumiyabazar held a meeting with a delegation led by Director-General of the Asian Development Bank’s East Asia Department Teresa Kho.

Expressing his appreciation of ADB’s cooperation in solving pressing issues in the capital city including congestion, ger area redevelopment and housing, the Ulaanbaatar Mayor proposed cooperating in issuing bonds, creating a fund, supporting public and private partnerships, implementing projects under concession agreements, and improving the property and debt management and the capacity of Ulaanbaatar city government.

The ADB representatives highlighted the importance of congestion and housing projects and that the bank is providing technical assistance.

Director-General of ADB East Asia Department Teresa Kho said the Ulaanbaatar city government has to provide all-round support to the highly-significant model hospital project to be implemented in districts.

Governor D.Sumiyabazar undertook to support the model hospital project and put forth a proposal to cooperate with ADB on projects to digitize the investment, urban planning, and debt management systems of the city government as part of the Mongolia government’s goal to become ‘Digital Mongolia’.

The sides agreed to explore opportunities for further cooperation in upgrading public transport services, reducing traffic congestion and urban planning.