International Finance Corporation to start development of ‘Green building”

Ulaanbaatar /MONTSAME/ The Ministry of Construction and Urban Development and the International Finance Corporation of the World Bank has established a memorandum of cooperation to improve economic efficiency of the construction sector and its energy supply. 

Deputy Minister of Construction and Urban development Sh.Lhamsuren and IFC Country Manager for Mongolia, Korea and China Simon Andrews signed the document. The sides will cooperate in the improvement of construction quality and safety issues, saving cost and compliance of new buildings with the requirement of ‘Green building’. ‘Green building’ will be an energy efficient structure without heat loss through an introducing advanced technology and with green environment.

'Our organization has experience in the ‘Green building’ construction. And based on our experience, we will start the development of energy efficient building in Mongolia’ said Mr Simon Andrews. ‘Green building’ is significant to lower operational cost of apartments and reduce greenhouse gas, noted the deputy minister.