ADB approved the allocation of $60 million for the creation of the first BRT system in Ulaanbaatar
The Asian Development Bank (ADB) has allocated a loan of $60 million to support the improvement of public transport in Ulaanbaatar, which includes the development of a Bus Rapid Transit (BRT) system. Additionally, the project will provide a grant of $500,000 through the Innovative Climate Finance Mechanism for Asia and the Pacific (IF-CAP). “The Bus Rapid Transit (BRT) system in Ulaanbaatar will significantly improve the quality of public transport for passengers,” noted Shannon Cowlin, ADB