According to GCF website, The objectives of the project are to (i) improve the climate resilience of Ulaanbaatar city and the adaptability of Mongolia to climate change; and (ii) reduce greenhouse gas emission and pollution, and improve the livability in Ulaanbaatar city, by transforming the highly climate-vulnerable and high polluting peri-urban areas of Ulaanbaatar (ger areas) into eco-districts characterized as low-carbon, climate resilient, and affordable.
Asian Development Bank (Loan) US$ 80 million
DBM/Commercial Banks (Loan) US$ 111.4 million
Developers (Equity) US$ 103.7 million
Beneficiaries (Equity) US$ 63.9 million
Municipality of Ulaanbaatar (Equity) US$ 35.0 million
HLT Fund (Grant) US$ 5 million
Senior Urban Development Specialist East-Asia Urban and Social Sectors Division
Address: Asian Development Bank, Mongolia Resident Mission
ICC Tower, 17th and 18th floor Jamyan Gun Street-9 Ulaanbaatar Mongolia
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