| Project Detail |
The proposed investment programme aims to support the government in establishing green, resilient, inclusive, and competitive urban centres in selected aimags (provinces) of Mongolia. The program, jointly financed with the Asian Development Bank, will comprise a sequenced set of investments to promote inclusive rural-urban transformation, including the most urgent and critically needed infrastructure. Objectives The investment program is a part of a larger ASDIP Programme (Aimag and Soum Centers Green and Resilient Regional Development Investment Program). The ASDIP assumes financing of a holistic regional development programme whose goal is to increase economic activity in selected regions of Mongolia while at the same time reducing pressure on the environment from overgrazing by livestock. The project will provide basic infrastructure to those areas of secondary and tertiary urban centres, which currently lack infrastructure. In addition, the project will require strengthening and renovation of existing urban infrastructure, construction of waste water treatment plants where these plants are missing, construction of affordable housing, renovation (including improvement of energy efficiency) of public buildings such as schools and hospitals, flood protection, drainage and construction of renewable energy generating facilities in the form of photovoltaic (PV) panels on top of or next to public buildings. Sector(s) Urban development - Construction Under ELM Guarantee This operation is covered by the ELM Guarantee. Proposed EIB finance (Approximate amount) USD 100 million (EUR 85 million) Total cost (Approximate amount) USD 294 million (EUR 250 million) |
