Ulaanbaatar Wastewater Expansion (EBRD-46383)

Countries
  • Mongolia
Where the impacts of the investment may be experienced.
Specific Location
Ulaanbaatar
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • European Bank for Reconstruction and Development (EBRD)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Bank Risk Rating
B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Borrower
City of Ulaanbaatar
The holder of the loan, grant, or other investment.
Sectors
  • Construction
  • Infrastructure
  • Water and Sanitation
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 12.76 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported EUR 12,000,000.00
Converted using 2015-11-17 exchange rate.
Project Cost (USD)
$ 27.64 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Currency conversion note:
Bank reported EUR 26,000,000.00
Converted using 2015-11-17 exchange rate.
Primary Source

Original disclosure @ EBRD website

Updated in EWS Aug 3, 2017

Disclosed by Bank Nov 17, 2015


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Project Description
This project finances the expansion of wastewater treatment services in Ulaanbaatar. The funding will be used to construct wastewater treatment plants and build a network in a new industrial development area of the city.
Investment Description
  • European Bank for Reconstruction and Development (EBRD)
This project provides a loan to the City of Ulaanbaatar, which will then provide a follow-up loan to the Ulaanbaatar Water and Wastewater Authority, a municipally-owned water utility. This loan is expected to be co-financed with another international financial organization for a loan of up to EUR 10 million. Additionally, the EBRD will seek an investment grant from an international donor of EUR 2 million to complete the financing package for the project.
Contact Information
Mr. Bayarbaatar Sandagdorj bayarbaatar@ulaanbaatar.mn +976 11 325060 Great Chinggis Khaan's Square 11, Ulaanbaatar 46, MONGOLIA ACCOUNTABILITY MECHANISM OF EBRD The Project Complaint Mechanism (PCM) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an European Bank for Reconstruction and Development (EBRD)-financed project. If you submit a complaint to the PCM, it may assess compliance with EBRD’s own policies and procedures to prevent harm to the environment or communities or it may assist you in resolving the problem that led to the complaint through a dialogue with those implementing the project. Additionally, the PCM has the authority to recommend a project be suspended in the event that harm is imminent. You can contact the PCM at pcm@ebrd.com or you can submit a complaint online using an online form, http://www.ebrd.com/eform/pcm/complaint_form?language=en. You can learn more about the PCM and how to file a complaint at http://www.ebrd.com/work-with-us/project-finance/project-complaint-mechanism.html.