| Project Detail |
Location:
Mongolia
Project number:
55168
Business sector:
Property and tourism
Notice type:
Private
Environmental category:
B
Approval date:
23 Jul 2024
Status:
Approved
English-language PSD published:
02 Aug 2024
The provision of a senior loan of up to MNT 90 billion to be provided to Shunkhlai Holding LLC to finance the construction, equipment and placing into operation of the groups headquarter office in Ulaanbaatar, Mongolia.
Project Objectives
The Project is in line with the EBRD country strategy for Mongolia as it focuses on promoting a greener and more climate resilient economy by supporting the development of an energy efficient building. The loan finances the conversion of a dilapidated cashmere wool processing factory into a modern 6-floor office building, which will provide a new workplace for approximately 1,300 staff. |
