Release date: 17 September 2020
Promoter – Financial Intermediary
MINISTRY OF CONSTRUCTION AND URBAN DEVELOPMENT - MONGOLIALocation
Description
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 Global Europe NDICI guarantee
Under EFSD+ Guarantee
Proposed EIB finance (Approximate amount)
USD 120 million (EUR 102 million)
Total cost (Approximate amount)
USD 294 million (EUR 250 million)
Environmental aspects
The project is a Framework Loan operation. If located in the EU, some of the schemes might have fallen under Annex II of the EIA Directive and would need to be screened by the Competent Authority. Should any scheme be screened in, the Promoter shall deliver the Environmental Impact Study, and if applicable the social assessment, to the Bank, before Bank funds can be allocated under the loan.
Procurement
The Bank will require the Promoter to ensure that implementation of the project will be done in accordance with the Bank's Guide to Procurement.
Status
Signed - 29/12/2023
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).