World Bank finances heating, sustainable livelihoods projects in Mongolia
The World Bank has approved $53 million in financing for projects to improve the heating sector and sustainable livelihoods in Mongolia.
The $41 million Ulaanbaatar Heating Sector Improvement Project will finance the upgrading and expansion the district heating network, replace poorly insulated and leaking pipes and expansion loops, and modernize the pumping stations. It will also support policy and institutional reforms in the medium to long-term and strengthen capacity of the Ulaanbaatar District Heating Company - a state-owned enterprise responsible for heat transmission.
And the $12 million additional financing earmarked for the Mongolia Third Sustainable Livelihoods Project will scale up activities to improve the planning and delivery of priority local infrastructure investments in all 330 rural soums in Mongolia.
Building on the two previous phases of the Sustainable Development Program, the third phase has helped support participatory approaches in rural development through the Local Development Fund.
