Completed Mixed AidData Chinese Aid

China Eximbank provides $42.38 million preferential buyer’s credit for Ulaanbaatar Traffic Police Intersection Overpass Project (Linked to Record ID#49148)

$42.38M USD

Funder	Export-Import Bank of China (China Eximbank)
Recipient Organization	Government of Mongolia
Country	Mongolia
Start Date	Nov 10, 2015
End Date	Oct 16, 2028
Duration	4,724 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`72033`

Grant Description

China Eximbank provides $42.38 million preferential buyer’s credit for Ulaanbaatar Traffic Police Intersection Overpass Project On November 10, 2015, China Eximbank and the Government of Mongolia signed a $42,380,000 preferential buyer’s credit (PBC) agreement [CHINA EXIMBANK PBC 2015 (25) TOTAL (368)] for the Ulaanbaatar Traffic Police Intersection Overpass Project.

The PBC was approved pursuant to a general loan agreement (captured via Record ID#40435) for the utilization of a $500 million preferential buyer’s credit for various projects that was signed by the two governments on June 16, 2011.

📋 Loan / Grant Terms

📅 Maturity20 years

⏳ Grace Period7 years

💹 Interest Rate2%

The borrower was responsible for making 26 equal, semi-annual repayments (worth $1,630,000) after the expiration of the loan’s grace period.

The proceeds of the PBC were to be used by the borrower to finance 100% of the $42,380,000 cost of a commercial (EPC) contract [UBI-2012-05/06] between China Railway 20th Bureau Group Co.

Ltd. (China Railway 20 Bureau Group Corporation) and the Capital City Road Department of Mongolia, which was signed on February 1, 2013.

The purpose of the project was the construction of a 477-meter long, 16.5-meter wide, four-lane flyover (overpass) — between Olympic Street (Олимпийн гудамж) and Ikh Mongol Uls Street — in the city of Ulaanbaatar. The flyover passes over Narnii Zam (Sun Road) and the 406th railway.

It is located near the Traffic Police Department. The project also involved the construction of three feeder-bridges that connect the main flyover with Narnii Zam.

The biggest feeder-bridge and auto road to the south is 637-meters long, 7.5-meters wide with 2 lanes, while the other two have a length of 170-meters and 270-meters, and width of 7.5-meter and 8.5-meter, respectively, with one lane each. China Railway 20th Bureau Group Co. Ltd. was the contractor responsible for implementation.

A formal groundbreaking ceremony took place on May 31, 2017. However, construction did not begin until April 15, 2018. The project was completed on September 16, 2019.

📋 Staff Comments

The Chinese project title is 交警路口立交桥. The Mongolian project title is “Замын цагдаагын газрын ойролцоох гүүрэн гарц барих” төсөл or Замын цагдаагийн газрын ойролцоох гүүрэн гарц барих төслийн or ЗЦГ-ЫН ОЙРОЛЦООХ ГҮҮРЭН ГАРЦ.
The China Eximbank loan that supported this project is not included in the Overseas Development Finance Dataset that Boston University’s Global Development Policy Center published in December 2020.
The PBC (loan) agreement can be accessed in its entirety via https://www.dropbox.com/s/u11c24eov2d6p2h/Mongolia%202015%20China%20Eximbank%20Loan%20for%20Overpass%20Project%20near%20Traffic%20Police%20Station.pdf?dl=0

📚 Sources & References

China Overseas Development Finance
China-funded overpass in Mongolia opens to traffic
Construction of Mongolia`s Largest Flyover Starts in Ulaanbaatar
Mongolia’s first ever flyover opens in UB
New flyover opens for traffic with expectation of easing traffic jam
Over 150 people working to construct UB’s biggest flyover, ~REFERENTIAL BUYER'S CREDIT LOAN AGREEMENT: Individual Loan Agreement on Flyover projept over the Traffic police department intersection and railway Project, Замын цагдаагийн газрын ойролцоох гүүрэн гарц барих төслийн явц 85%, Замын цагдаагийн газрын ойролцоох гүүрэн гарц барих төслийн явц 87%, ЗАСГИЙН ГАЗРЫН ГАДААДЫН ЗЭЭЛ, ТУСЛАМЖИЙН ХӨРӨНГӨӨР 2018 ОНЫ ТӨСВИЙН ЖИЛД ХЭРЭГЖҮҮЛЭХЭЭРТӨЛӨВЛӨЖ БУЙ ТӨСӨЛ, АРГА ХЭМЖЭЭ, ЗЦГ-ЫН ОЙРОЛЦООХ ГҮҮРЭН ГАРЦ, Элчин сайд Шин Хаймин 'Замын цагдаагийн ойролцоо баригдах гүүрэн гарц барих төсөл'-ийн барилгын ажлыг эхлүүлэх ёслолд оролцов, “ЗАМЫН ЦАГДААГИЙН ОЙРОЛЦОО БАРИГДАХ ГҮҮРЭН ГАРЦ БАРИХ” ТӨСЛИЙН ШАВ ТАВИХ ЁСЛОЛ БОЛЛОО
习近平主席同蒙古国总统额勒贝格道尔吉共同见证两国签署多项双边合作文件
孙维仁参赞考察乌兰巴托市两座立交桥项目
邢海明大使出席交警路口立交桥开工仪式
驻蒙古使馆临时代办杨庆东会见中铁二十局副总经理王作举 Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.

All Grantees

Government of Mongolia

Interested in applying for this grant?

Complete our application form to express your interest and we'll guide you through the process.

Apply for This Grant