Road construction is one of the fastest growing industries in Mongolia.
Of the current 49,294 kilometres of roads in Mongolia, less than 25% are paved. To improve its infrastructure, the government intends to build over 10,000 kilometres of new paved roads over the next ten years. To do so, it passed a new law to mandate paved roads between Ulaanbaatar and each of the country’s 21 province centers by 2016. In addition, the government allocated US$335 million to road building projects in the near term.
Modern roads and other transportation infrastructure are essential to the growth of Mongolia’s economy. A large, sparsely-populated country, Mongolia possesses world-class resource assets about to be developed. Whether it becomes one of the world’s wealthiest economies in the coming years will depend on a massive investment in the nation’s infrastructure.