ADB to support Economic Cooperation Zone for Mongolia
The Asian Development Bank has approved a $30 million loan to develop and operationalise Mongolia’s Zamyn-Uud free zone, which is part of a proposed economic cooperation zone between the country and China.
The project will support the construction and sustainable operations of new infrastructure and facilities in the free zone - situated near the busiest international border port between Mongolia and China - as well as effective zone management.
The port-of-entry system to be established under the project will promote the integration of various border agency systems and enable data-sharing both within the country and across the border with China.
The project will cost a total of $35.76 million, of which the Government of Mongolia will contribute $5.76 million. It is expected to be completed by December 2025.
