The Ministry of Education, Culture and Science and the Administration Office of Ulaanbaatar have completed a study on constructing an education complex and developing the related infrastructure in Shiveetiin Khundii of Nalaikh district. The preliminary plan is to build a students’ living area, apartments for teachers and employees, a service complex and a building for SMEs.
The cost will be between USD400 million and USD500 million. Some of the money can be raised from selling off the present buildings of Institutes and Universities in the “A” zone of Ulaanbaatar and the rest will come from a grant from the Chinese Government and some soft loans. The construction company would be selected through a tender.