The Mongolian capital, Ulaanbaatar, 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.
This new standard will be adopted as part of the Ulaanbaatar Green Affordable Housing and Resilient Urban Renewal Sector Project.
The USD 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.
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.
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.