Улаанбаатар
Affordable housing units to be built with EBRD
Society
Ulaanbaatar
/MONSTAME/ On July 30, Governor of the capital city and Mayor of Ulaanbaatar
S.Amarsaikhan met with Irina Kravchenko, Head of Mongolia Unit at the European
Bank of Reconstruction and Development (EBRD) regarding the projects ‘Ulaanbaatar
City Bus Fund’ and ‘Ulaanbaatar Green Affordable Housing’.
The total
cost of the Ulaanbaatar City Bus Project is USD 40 million, of which USD 28
million is soft loan and USD 12 million is nonrefundable aid. The Governor
proposed using a specific part of the 100 buses to be procured at the first stage as school bus. The project also features investments in bus lanes and bus depot
equipment and technical assistance for the project’s preparation and implementation.
It was decided
to immediately commence the construction works of 700 household- apartments with funding
of USD 25 million from EBRD under the Ulaanbaatar Green Affordable Housing
project. As for the construction site of the project, the sides agreed that the
sixth sub-district of Songinokhairkhan district would be more appropriate.
