INTERNATIONAL OPEN TENDER LAUNCHED FOR THE “FIRST RING ROAD” PROJECT

 

An international open tender has been announced in the EPC+F format Engineering, Procurement, Construction + Financing, or a turnkey contract with integrated financing to select the contractor for the strategically important “First Ring Road” project, which aims to expand Ulaanbaatar’s road network and reduce traffic congestion.

Under this arrangement, the selected contractor will be responsible for:

preparing the design

carrying out construction works

supplying the necessary equipment

fully arranging the project financing

The following four companies are participating in the tender:

China First Highway Engineering Company Limited

Shandong Luqiao Group Co., Ltd

China Railway 16th Bureau Group Co., Ltd

China Gezhouba Group Limited Company

The First Ring Road will have a total length of 24.7 km, including:

13.7 km of at-grade, 10-lane main road

2.08 km of tunnel section

9.03 km of two-level bridges and elevated structures

In addition, the project includes plans to construct multi-level interchanges at seven locations, three pedestrian bridges, and four underpasses.

The project’s total financing is estimated at USD 918.57 million, with a target completion date of 2028.

According to preliminary estimates, once implemented, the project could reduce traffic load in the central urban area by 23–50% and increase average vehicle speed during peak hours by 23.3%.

UBIM is working professionally to align the capital city’s major strategic infrastructure projects with non budget financing sources, investment structuring, and optimal financing solutions.