Authorities of Ulaanbaatar held the “UB Opportunity” investment forum in Beijing, China to draw investments to major construction, energy, and transport projects to be implemented in the capital of Mongolia in the coming years.

Around 450 representatives from 204 entities engaged in the infrastructure, energy, and investment sectors took part in the forum, where the capital officials led by the Governor of the Capital City of Mongolia and Mayor of Ulaanbaatar Nyambaatar Khishgee presented the projects.

Mayor Nyambaatar thanked the representatives of business entities and organizations who attended the event and said, “The Government of Mongolia revised the Law on Public-Private Partnerships and the law came into force since the beginning of this year. In line with the law, Ulaanbaatar authority strives to stimulate public-private partnerships to expand the city's economy. We intend to cooperate with foreign and domestic enterprises in the energy and infrastructure sectors. Therefore, we would like to invite representatives of Chinese enterprises taking part in today's event to actively participate in the tenders to be announced within the framework of the key projects to be implemented in Ulaanbaatar City and strengthen cooperation between Mongolia and China.

The Mayor of Ulaanbaatar highlighted metro and highway construction projects. "In the coming years, one of the high-capacity multi-modal vehicles to be introduced into the capital's public transport is the metro. The metro route will be from Amgalan to Tolgoit with a length of 17.7 km, having 14 stations. The feasibility study for the project's management consulting services is 70 percent complete. The average speed of traffic is estimated to increase by 48 percent with the construction of the metro. In addition, public transport will be diversified to reduce road congestion in Ulaanbaatar City. For example, the preliminary feasibility study for a tram that can transport a large number of people in a short time will be completed by February next year. One vertical line will be built by the first quarter of next year. The route of the line will run 20.4 km from Zunjin Shopping Center to Sukhbaatar Square and will have 23 stations. The introduction of the tram will increase the average speed of traffic by 22 percent. In addition, the first expressway within the capital will be built. The tender for the four-lane Tuul Expressway, a 33-kilometer-long box girder structure, will be announced by December. Once the expressway is put into operation, the average speed of traffic will increase by 13.5 percent, and the throughput of vehicles passing through the Darkhan and Zamiin-Uud directions will improve."

The consulting service provider for a two-ring expressway to reduce traffic congestion within the city has been selected, and the feasibility study will be fully developed in 2025. The construction of the highway will increase the throughput of the main streets and intersections of the city center, and the average speed of traffic will increase by 27 percent. Meanwhile, the tender for the construction of a new bridge connecting the Tuul Expressway with the Nisekh road will be announced next year to begin the construction work, according to Mayor Nyambaatar.

At the end of the presentation, investors clarified the projects and programs of interest and exchanged ideas on cooperation, expressing their willingness to cooperate in the construction of trams, bridges, and highways, based on their experience, technology, and know-how.