| Project Detail |
The provision of a sovereign loan of up to US$ 20 million for financing the design and construction of 712 low-carbon and climate-resilient housing units and associated infrastructure. It will be provided to eligible residents on rent and rent-to-own terms. The project is located in Ulaanbaatar and is being implemented by the City of Ulaanbaatar (the City) and the Capital City Housing Corporation (the Company). Project Objectives The Project will address Ulaanbaatars priority environmental challenges of poor air quality, water quality and climate change impact as identified by the Green City Action Plan (GCAP) approved by the city in December 2019. The Project will receive EDGE certification and will achieve 20 per cent better performance in the area of energy, water and materials compared to the national standards. It will also lead to significant climate resilience benefits through improved public health due to the reduced exposure to climate risks, as well as higher standards of inclusion and gender equality. |
