Recently an agreement was reached with South Korea’s “Hyundai” for the supply of buses for the forthcoming ASEM Summit in July. The 43 buses (originally 50), are being bought using a preferential loan of USD 5.5 million from the Export-Import Bank of Korea.
“Hyundai” is supplying 45 seat buses, which are suitable to Mongolian weather conditions. After ASEM, the buses will have a new life on the streets of UB, where they will update the current public transportation fleet. They will also be used on routes between the capital and the regions.