UB CITY AND ADB SIGN AGREEMENT ON

On August 11. the Administration of the Ulaanbaatar City and the Asian Development Bank (ADB) established a Memorandum of Understanding on implementing Establishing the Future Cities Program.

The MoU was signed by the Mayor of Ulaanbaatar S.Batbold and the Country Director of ADB for Mongolia Yolanda Fernandez Lommen. Establishing the Future Cities in the Asia and Pacific Region is a technical assistance program, being realized in five Asian countries.

In its scope, small projects aiming at promoting the Smart Ulaanbaatar program, improving local financing mechanism, and introducing international platform for endorsing infrastructural investment to Mongolia.

Mayor S.Batbold extended gratitude to the ADB for its consistent collaboration in the UB’s vital problems such as air and soil pollution, public transport and many others. “ADB has become one of the key partners of the UB City in the recent years”, he noted.

Source:http://en.montsame.mn/politics/ub-city-and-adb-sign-agreement-“establishing-future-cities-program”-implementation