Mongolia secures ADB/World Bank support to build 10,000 new sustainable homes

The Mongolian capital of Ulaanbaatar's city municipality has secured support from the Asian Development Bank and the International Finance Corporation to build 10,000 new energy-efficient homes.

The municipality has signed a Memorandum of Understanding with the banking institutions to implement the Excellence for Design and Greater Efficiencies (EDGE) green building standards.
The new standard will be adopted as part of the Ulaanbaatar Green Affordable Housing and Resilient Urban Renewal Sector Project.

The $570.2 million project has been designed to build affordable, climate-resilient and livable eco-districts with support from the Green Climate Fund and the High-Level Technology Fund.
Of the $570.2 million in funding required for the project, $350 million is coming from the private sector.

Out of 10,000 homes in the 20 districts, 1,500 will be social housing, 5,500 will be affordable housing and the remaining 3,000 will be sold at the prevailing market price.
IFC has tasked the Mongolia Ministry of Construction and Urban Development and Energy Regulatory Commission to assess the viability of adopting the new energy-efficient building standard.
The project is being implemented in partnership with the Energy Sector Management Assistance Programme which is administered by the World Bank and the Government of Hungary.

“About 850,000 people live in Ulaanbaatar’s ger areas and have poor access to urban services,” said ADB Principal Urban Development Specialist Mr. Arnaud Heckmann.
“An IFC analysis sees a $3.4 trillion green buildings market through 2025 in developing countries. Against this backdrop, green construction can help a rapidly urbanizing city like Ulaanbaatar become more livable—while saving money and securing emission cuts,” said IFC’s Resident Representative in Mongolia Mr Rufat Alimardanov.
A third of Mongolia’s population lives in urban ger areas, or settlements of low- and middle-income households. These districts suffer from poor sanitation, inadequate solid waste management, and limited water supply, which pose health and environmental hazards


Share:

0 comments:

Post a Comment

Facebook page

Powered by Blogger.

Categories

Advertising in Mongolia An Asian Development Bank Culture Editorial of the Mongolianviews education Environmental protection Famous Mongolians Foreigners in Mongolia Inner Mongolia Ivanhoe Mines Mongolia Adventure Mongolia agriculture Mongolia air pollution Mongolia analysis Mongolia and Armenia Mongolia and Asian Development Bank Mongolia and Australia Mongolia and Azerbaijan Mongolia and Belorussia Mongolia and Bulgaria Mongolia and Cambodia Mongolia and Canada Mongolia and central Asia Mongolia and China Mongolia and Cuba Mongolia and Czech Mongolia and donors Mongolia and EU Mongolia and Germany Mongolia and Hongkong Mongolia and Hungary Mongolia and IFC Mongolia and IMF Mongolia and Ind Mongolia and India Mongolia and Indonesia Mongolia and Inner Mongolia Mongolia and Iran Mongolia and Israel Mongolia and Italy Mongolia and Japan Mongolia and Kazakhstan Mongolia and Korea Mongolia and Kuwait Mongolia and Kyrgyzstan Mongolia and Malaysia Mongolia and Nato Mongolia and North Korean Mongolia and Poland Mongolia and Qatar Mongolia and Russia Mongolia and Russia and Mongolia and China Mongolia and Singapore Mongolia and South Korea Mongolia and Taiwan Mongolia and Thailand Mongolia and the world Mongolia and Tibet Mongolia and Turkey Mongolia and UK Mongolia and Ukraine Mongolia and UN Mongolia and US Mongolia and USA Mongolia and Vietnam Mongolia Banking Mongolia blind Mongolia Cashmere Mongolia Christianity Mongolia civic society Mongolia Corruption Mongolia crime Mongolia diplomacy Mongolia Economy Mongolia Education Mongolia Energy Mongolia environment Mongolia Finance Mongolia Health Mongolia History Mongolia holiday Mongolia in international media Mongolia Industries Mongolia investment Mongolia Joke Mongolia law Mongolia LGBT Mongolia medical Mongolia military Mongolia Mining Mongolia Mining Developments Mongolia Mortgage Mongolia natural disaster Mongolia news media Mongolia Nuclear Mongolia Petroleum Mongolia Politics Mongolia Poverty Mongolia public announcements Mongolia railways Mongolia Religion Mongolia slums Mongolia society Mongolia Sports Mongolia Stamp Mongolia Sumo Mongolia telecommunication Mongolia tourism Mongolia trade Mongolia Transportation Mongolia Urbanization Mongolia Wild Life Mongolian Agriculture Mongolian and Cuba Mongolian Archeology Mongolian Climate Mongolian Food Mongolian Gay Mongolian Government news Mongolian History Mongolian Kazakh Mongolian Meat Mongolian Military Mongolian Mining Development Mongolian Movie Mongolian News Mongolian Parliament Mongolian Political news Mongolian Press Mongolian Songs Mongolian Sumo Mongolian Women Mongolian Youth Mongolians abroad Moninfo Opinion Oyu Tolgoi Investment Agreement Photo news Press Release Rio Tinto Tavan Tolgoi coal mine Ulaanbaatar development Weird expatriates in Mongolia World bank and Mongolia

Blog Archive

Followers