ADB expresses interest to cooperate in realizing ‘New Revival Policy’

2022-03-24 19:07:41

Deputy Prime Minister of Mongolia S.Amarsaikhan received ADB Country Director for Mongolia Pavit Ramachandran, ADB Senior Urban Development Specialist A.Heckmann and Ger areas development project coordinator D.Avirmed.


Over the past 28 years, the Asian Development Bank has issued a total of USD 3.9 billion in funding to Mongolia by providing substantial support in wide range of areas including education, health, society, economy, infrastructure, urban planning, and green development aside from the assistance during COVID-19 pandemic.


Commending the timely implementation of appropriate measures in the fight against the pandemic taken by Government of Mongolia and National Emergency Commission Agency, which made it possible to move back to normal life, recovering its economy, ADB Country Director for Mongolia Pavit Ramachandran expressed commitment to expand the cooperation with Mongolia and promote the ‘New Revival Policy’ being implemented by the Government.


ADB expressed an interest to cooperate in projects and programs including Satellite city to be established in Khushig Valley, public transport modernization, as well as ‘Green growth recovery’ and 'Urban and rural revival' to be implemented in the framework of the ‘New Revival Policy’.


“With the establishment of the Bayankhoshuu and Selbe Sub-Centers, some works reflected in the affordable housing program are planned to be realized and its construction work will be launched this spring. I am pleased to inform that Bayankhoshuu and Selbe Sub-Centers project being implemented within the framework of the ‘Ulaanbaatar Urban Services and Ger Areas Development Investment Program’ (GADIP) has become international benchmark. Further, the feasibility study for the ‘Rural development’ project to be implemented in 8-9 aimags was approved and its financing was resolved. Within the framework of the project, small and medium-sized enterprises, including processing plants, will be promoted, creating more jobs in the local areas. Therefore, it should be decided by the Government in which aimags the project will be implemented,” said ADB Senior Urban development Specialist A.Heckmann.


Deputy Prime Minister of Mongolia S.Amarsaikhan noted “We became able to move into ‘Yellow’ level thanks to the five-phase strategy measures implemented by the Government and the support of people during Covid-19 pandemic. I would like to express my appreciation to the ADB for making valuable contribution in overcoming the Covid-19. We fully agree with suggestions put forth by the ADB on the successful implementation of projects and programs of the ‘New Revival Policy’. In particular, the development of satellite cities is a priority to reduce the centralization and traffic congestion of Ulaanbaatar city. Therefore, we are willing to co-implement the projects and programs towards the establishment of infrastructure, affordable housing and free economic zone.”

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