Since the country’s transition from communism two decades ago, the Mongolian economy has experienced rapid liberalisation. Sectors including ICT and insurance are expanding quickly and, while the mining sector has been responsible for making Mongolia a rising star in the global economy, there is great potential for further growth in all economic sectors.
The sparse population, landlocked location and extreme climate make developing Mongolia’s transportation and logistics infrastructure a prominent challenge. Deciding how to allocate the state’s limited resources is a complex question at a time when spending is needed in so many areas in order to remove the bottlenecks holding back economic growth....
As Mongolians migrate to their capital city in search of work, Ulaanbaatar is increasingly suffering from traffic congestion. The Asian Development Bank (ADB) in summer 2012 approved a loan for a bus rapid transit (BRT) system that its designers expect will have a significant mitigating impact.
Railroad plans are central to the country’s development strategy, as a massive boost in capacity is required to preserve and extend the mining boom under way now. The country’s parliament, the Great Khural, formed a new government corporation to address the needs in 2008, and made clear its railway policy in 2010. There has been little progress in...
In your opinion, what are the top three policy priorities for the transport sector in 2013?
Stay updated on how some of the world’s most promising markets are being affected by the Covid-19 pandemic, and what actions governments and private businesses are taking to mitigate challenges and ensure their long-term growth story continues.
Register now and also receive a complimentary 2-month licence to the OBG Research Terminal.
Register Here×