News
02 July 2020
EBRD finances flood-protection measures in Mongolia
In:
Waste and water
Region:
Asia-Pacific
The European Bank for Reconstruction and Development has approved a $7 million loan to help finance a flood defence project in Erdenet, Mongolia.
The sovereign loan will help the northern Mongolian town, located in the valley between the Selenga and Orkhon rivers, implement modern flood-protection measures and improve its water supprply system, addressing the consequences of decades of underinvestment in the municipal water networks.
The investment is aiming to increase by 32,000 the number of households connected to the central water supply and to reduce the volume of annual water losses by 15% or 0.8 million cubic metres.
