Cabinet supports a loan agreement for a solid-waste recycling plant

The American Chamber of Commerce in Mongolia

2018-06-14 16:36 GMT+8

On June 13, Cabinet approved the submission to Parliament of a bill on establishing a loan agreement with the European Bank for Reconstruction and Development (EBRD).

The Ulaanbaatar Solid Waste Modernization Project includes plans to build a construction and demolition waste facility at Moringiin Davaa. Furthermore, a consolidated tariff system for solid waste and construction and demolition waste management will be introduced.

It is expected that improved waste management could reduce greenhouse gas emissions in Ulaanbaatar and more than 100,000 tons of construction waste could be recycled with the new plant in operation. EBRD has agreed to provide financing of 4.5 million EUR in grant aid and a 9.7 million EUR loan for the implementation of the project. The loan must be repaid within 15 years. ​

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