The Asian Development Bank (ADB) is providing $15 million in grant to help Mongolia improve urban infrastructure and services in the booming mining and border towns in Southeast Gobi.

The grant, which was approved by ADB's Board of Directors, will directly benefit about 100,000 people in six towns of Omnogovi and Dornogovi provinces, where poverty incidence is around 31%.

Both provinces are poised for rapid economic growth due to active mining and cross-border trade. As a result, population in urban towns is projected to more than double by 2020.