Investment Projects

Tuul Water Complex Project

The Tuul Water Complex Project (2025–2032) is a strategic national infrastructure initiative designed to secure a long-term and reliable water supply for Ulaanbaatar and surrounding urban areas, while supporting growing demand from households, industry, and agriculture. The feasibility study, currently 90% complete, is being prepared by Kalpataru Projects International Limited (KPIL), India. The project includes comprehensive assessments of surface and groundwater resources to establish a sustainable water supply system. With a planned storage capacity of 50–100 million cubic meters, the project will strengthen water security, improve the ecological flow of the Tuul River, enhance flood protection, and support future urban expansion, satellite cities, and industrial development.

Key project specifications:

• Water storage capacity: 50–100 million cubic meters
• Dam length: 685.15 meters
• Dam height: 35.8 meters
• Reservoir depth: 19.84 meters
• Catchment area: 5,569 km²

The feasibility study is being developed by Kalpataru Projects International Limited (KPIL) of the Republic of India. The study includes comprehensive assessments of both groundwater and surface water resources, evaluates water utilization potential, and develops engineering solutions to establish a secure and sustainable water supply system for Ulaanbaatar.

Once completed, the project is expected to strengthen Ulaanbaatar’s long term water security, maintain the ecological flow of the Tuul River, reduce flood risks, and improve the sustainable management of water resources.

“Selbe-20 Minute City” Project

The Selbe – 20-Minute City Project aims to develop Ulaanbaatar’s first model “20-minute city” by transforming ger districts into modern, sustainable residential areas.

The project focuses on creating a compact urban environment where residents can access essential services, schools, workplaces, and public facilities within a 20-minute distance by walking, cycling, or public transport.

The project will provide housing for approximately 8,575 households through 113 residential blocks, along with modern infrastructure including schools, kindergartens, a general hospital, and public service facilities.

The project will help reduce air pollution, traffic congestion, and urban concentration while improving residents’ quality of life.

Key developments include 48.7 km of pedestrian walkways, 58.11 hectares of green space, office and residential areas, and a light rail transit system.

Project Progress: 22.1% completed, with engineering infrastructure completed and 92% of land parcels cleared.

The project offers investment opportunities in urban development, green infrastructure, transportation, smart city solutions, and public facilities.

MÖRÖN–ULIASTAI PAVED HIGHWAY PROJECT​

The Ministry of Road and Transport is implementing the 261.8 km Mörön–Uliastai Paved Highway Project under a Public-Private Partnership (PPP) framework to connect the provincial centers of Khövsgöl and Zavkhan. Serving as Mongolia’s third major east-west transport corridor, this key infrastructure initiative replaces severely deteriorated routes and multi-track dirt roads, restoring vital access to basic social services and mitigating natural hazards such as flooding.

By establishing a paved connection between central and western provincial capitals, the project will enhance logistics efficiency for trade and mining freight, boost tourism, increase regional exports and drive local economic growth. Furthermore, eliminating unpaved tracks will significantly reduce dust pollution, pastureland degradation and soil erosion—establishing essential baseline conditions to preserve Khövsgöl’s pristine natural environment. Under the concession agreement, the private partner will build, operate and maintain the highway before transferring it to the state free of charge upon contract expiration.

Kharkhorum New City Development Project

The Kharkhorum City Development Project aims to establish a modern, smart, and green city in the historic capital region of Mongolia, creating a new economic hub and supporting balanced regional development.

The project will address key infrastructure needs, including water supply, geothermal energy, industrial and technology parks, free economic zones, tourism facilities, and transportation networks.

Upon completion, the city will accommodate approximately 500,000 residents, with 50% of the total area allocated for green spaces. The project will develop 1,538.7 hectares of green areas, plant 1 million trees, and promote smart city solutions based on advanced ICT.

The project offers investment opportunities in urban development, green infrastructure, renewable energy, tourism, technology, and transportation sectors.

​ PUMPED STORAGE HYDRO POWER PLANT PROJECT WITH UP TO 100 MW CAPACITY FOR GRID FREQUENCY AND LOAD REGULATION

To meet rising winter peak loads and reduce heavy reliance on imported energy, Mongolia is introducing its first operational Pumped Storage Hydro Power Plant to supply load-balancing capacity to the Central Energy System. Upon commissioning, the facility will produce 292 million kWh of electricity annually—connecting directly to the 220/110/35 kV Baganuur Substation via a 220 kV overhead transmission line—while generating an estimated USD 18.2 million (MNT 62.6 billion) in tax revenues and boosting foreign direct investment. As a clean, eco-friendly energy solution, the plant will lower greenhouse gas emissions, improve local microclimate conditions and drive regional industrial growth and employment.

Furthermore, it will establish vital strategic water reservoirs, build local technical capacity in complex hydraulic engineering and introduce cutting-edge storage innovation to advance Mongolia’s energy sector.

THE SUPPORT TO THE ESTABLISHMENT OF THE NATIONAL CARDIOVASCULAR CENTRE (NCC)​

EBRD Finances USD 34.87 Million Sovereign Loan for New National Cardiovascular Centre in Ulaanbaatar

In a major step toward upgrading Mongolia’s healthcare infrastructure and advancing sustainable development, the European Bank for Reconstruction and Development (EBRD) is providing a sovereign loan of USD 34.87 million to finance the construction of a state-of-the-art facility for the National Cardiovascular Centre (NCC) in Ulaanbaatar. Jointly implemented by the Ministry of Health of Mongolia, the Third Central State Hospital (TCSH) and the NCC, the project will deliver a modern 120-bed healthcare facility and associated infrastructure designed to meet growing national demand.

Beyond expanding medical capacity the project serves as a key initiative under the Ulaanbaatar Green City Action Plan (GCAP). Engineered with high-performance sustainability standards, the new building is targeted to achieve an EPC A+ certification, outperforming baseline benchmarks by 22% in primary energy efficiency and 38% in water efficiency. With a 100% Green Economy Transition (GET) share and an Expected Transition Impact (ETI) score of 70, the facility integrates climate change adaptation solutions optimized indoor climate control and advanced resource management.

This investment significantly enhances the quality, safety and accessibility of high-complexity cardiac care across Mongolia helping reduce the country’s reliance on costly overseas medical treatments. Furthermore, the initiative emphasizes inclusive development by expanding clinical teaching, professional training and telemedicine capabilities—strengthening regional healthcare networks and extending specialized medical services to underserved rural populations.

BAIDRAG 30 MW HYDROELECTRIC POWER PLANT PROJECT

Designed to supply load-balancing and peak-shaving capacity for Mongolia’s Central Energy System, the Baidrag Hydroelectric Power Plant will generate 59.8 million kWh of electricity annually and reduce transmission losses by 17 million kWh. By replacing power imports and building strategic water storage reservoirs, the project substantially advances national energy independence while connecting to the Bümbögör Substation via a 28 km, 110 kV overhead transmission line. As a zero-emission renewable energy source, the facility supports public health, lowers greenhouse gas emissions and enhances local microclimate conditions by increasing water supply and reducing dust in the forest-steppe zone. Furthermore, the initiative drives green economic growth, stimulates industrial development, creates local jobs and fosters national technical expertise in operating complex hydraulic structures.