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Mongolia to construct new city in Khushigt Valley www.news.mn
The Khushigt Valley – New Settlement Zone, which is set to be home to 150,000 people by 2040 and become a thriving hub for business, tourism and culture, is part of an effort by the Mongolian Government to develop ‘satellite cities’ around the country’s capital Ulaanbaatar.
The development of the Khushigt Valley is a key part of the Mongolian Government’s New Recovery Policy and Vision – 2050 ambition, which aim to transform Mongolia into a leading regional power by the middle of the century through supporting economic development, improving the education system and promoting gender equality.
The Mongolian Government has already committed 30 billion MNT in this year’s state budget to the project, with this figure set to rise to over 200 billion MNT next year. Construction is initially focusing on creating new water wells and a 35kw power line. This is the first new city to be built in Mongolia since 1980.
Published Date:2022-08-22
