Ulaanbaatar Green Affordable Housing and Resilient Urban Renewal Project (AHURP)

  • Cross-cutting
  • Under implementation
Date approved
01 Mar 2018
Est. completion
31 Dec 2030
ESS Category
Category B
Financing
Public sector
Entity
Asian Development Bank

Overview

Improving the climate resilience of the Mongolian capital Ulaanbaatar and reducing greenhouse gas emissions and air pollution by creating eco-districts.

Climate change in Mongolia periodically leads to sizable losses of livestock due to prolonged and increasingly cold winter seasons. This results in rural-urban migration to areas around Ulaanbaatar predominated by gers, or traditional Mongolian dwellings. These unplanned areas are hotspots of greenhouse emissions and air pollution, mainly due to the widespread use of coal for heating and cooking.

The creation of eco-districts in these highly climate-vulnerable and polluting ger areas will form zones which are low-carbon, climate resilient and affordable. This will be done through low-cost urban infrastructure, public facilities, and social housing units.

The project has an estimated lifespan of 40 years.

Result areas

Project timeline

  • Pipeline

    303 days

    • Concept note received

    • Funding proposal received

    • Cleared by iTAP

  • Approved

    293 days

    • Approved by GCF Board

    • Legal opinion on AE's Internal Approval

    • FAA executed

  • Under implementation

    2,737 days so far

    • FAA effective

  • To be completed

    1,660 days to go

    Not started

  • Total project value $ 570 million

  • Tonnes of CO2 equivalent avoided 432 thousand

  • Total number of beneficiaries 350 thousand

Financing

GCF-financing

0.0%

USD

Co-financing

0.0%

USD

USD 570 million

Show details

GCF-financing

18% disbursed

  • Loan USD 95,000,000
  • Grant USD 50,000,000
  • Total GCF-financing USD 145,000,000

Co-financing

  • Loan USD 20,000,000
  • Loan USD 60,000,000
  • Loan USD 111,360,000
  • Equity USD 131,800,000
  • Equity USD 63,949,000
  • Equity USD 35,005,000
  • Grant USD 3,000,000
  • Total co-financing USD 425,114,000

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