President Kh. Battulga to meet with Vladimir Putin in September www.gogo.mn

President Kh. Battulga will attend the fourth annual Eastern Economic Forum, which will be held from September 11 through 13 in Vladivostok.

Russia could become global leader in coal exports – Putin www.rt.com

Russian President Vladimir Putin has announced plans to expand the country’s coal exports on the global markets.
“Last year, domestic companies exported more than 190 million tons of coal,” the president said, noting that Russia is currently the world's third biggest exporter.

ADB to help Ulaanbaatar transform its ger areas into eco-districts www.montsame.mn

Ulaanbaatar /MONTSAME/ The Asian Development Bank’s (ADB) Board of Directors has approved USD 80 million loan to help transform ger areas in Ulaanbaatar into affordable, low-carbon, climate-resilient and livable eco-districts.

ADB will additionally administer a USD 95 million loan and a USD 50 million grant from the Green Climate Fund (GCF), as well as a USD 3 million sector grant from the High-Level Technology Fund (HLTF).
A third of Mongolia’s population live in urban ger areas, or settlements of low- and middle-income households. These districts suffer from poor sanitation, inadequate solid waste management, and limited water supply, which pose health and environmental hazards. A heavy reliance in these ger areas on coal and biofuels for heating and energy generates large carbon dioxide emissions and worsens air pollution, especially during winter.
“About 850 thousand people live in Ulaanbaatar’s ger areas and have poor access to urban services,” said ADB Senior Urban Development Specialist Mr. Arnaud Heckmann. “This project will improve the lives of around 100 thousand people, including 10 thousand direct beneficiary households that will have access to green housing units, by financing 20 new environmentally friendly districts with good services, green spaces, and access to shops and jobs.”

Incremental growth and migration are increasing the population living in these poor conditions because affordable housing options for low- and middle-income households are very limited. A 2016 survey by the Capital City Housing Corporation estimated housing demand at 150 thousand units, while available affordable housing stock is about 4000 units, with 60 percent of ger area residents willing to move to apartment units if acceptable and affordable solutions are proposed.

The project is a large-scale initiative to provide sustainable and comprehensive solutions to transform sub-standard, highly vulnerable, highly emitting, and polluting ger areas into affordable, climate-resilient and livable eco-districts.

The Ulaanbaatar Green Affordable Housing and Resilient Urban Renewal Sector Project will build 1,500 social housing units along with key infrastructure such as roads, water, sewerage, and heating pipes, as well as green houses for urban farming and public and green spaces; social and public services; and rooftop solar panels and a smart monitoring system for building performance and renewable energy control financed by the HLTF. The solar panels will produce about 40 percent of all electricity demand.

The project will also provide USD 75.7 million out of the GCF loan to the eco-district and affordable housing fund (EDAF) that will make long-term loans to commercial banks, which will be passed on to real estate developers to build an additional 8,500 homes—including 5,500 affordable and 3,000 market rate units—and commercial activities, and to provide low-cost mortgages. The loan to EDAF is expected to leverage around USD 300 million more in investments from developers, commercial banks and beneficiaries. The Asset Management Company of the Development Bank of Mongolia will manage EDAF on behalf of the Ministry of Finance. The GCF grant will be used to provide performance-based grants to qualified developers for climate change mitigation and adaptation features.

A key element of the project is the voluntary land swapping approach for implementing the eco-districts. Under this approach, households owning or renting a plot of land within the proposed eco-district perimeter can choose to participate or not on the mechanism. If they opt to participate, households will have access to a housing unit in the eco-district, through land and asset swaps, rent-to-own schemes, or affordable rental arrangements. If they choose not to participate, the eco-district design will be adjusted to avoid affecting the non-participating household. A community participation plan, which includes skills training and linkages with job opportunities for poor households, will also be implemented.

Institutional and policy improvements, meanwhile, will guide the transformational impacts of the project with respect to regulations, standards, and sector capacity for climate-responsive urban planning; increased performance, energy efficiency, and renewable energy in buildings; improved supply and access to low-carbon affordable housing; sustainable green housing finance; and eco-efficient urban services.
The project is expected to be completed by the end of 2026 and will cost a total of USD 570.1 million.

Source: adb.org

Mongolia provides quick entry services to facilitate Belt and Road Initiative www.xinhuanet.com

ULAN BATOR, Aug. 28 (Xinhua) -- Mongolia has implemented three measures to support the Belt and Road Initiative (BRI), a senior foreign ministry official said.

Johor Sultan given warm welcome in Mongolia www.thestar.com.my

PETALING JAYA: The Johor Sultan was accorded a warm welcome inside a purpose-built traditional home or “ger”, pitched inside the State House in Ulaanbaatar.

Toyota to invest $500m in Uber in driverless car deal www.bbc.com

Japanese carmaker Toyota is to invest $500m (£387m) in Uber and expand a partnership to jointly develop self-driving cars.

The firm said this would involve the "mass-production" of autonomous vehicles that would be deployed on Uber's ride sharing network.

It is being viewed as a way for both firms to catch up with rivals in the competitive driverless car market.

The deal also values Uber at some $72bn, despite its mounting losses.

That is up 15% since its last investment in May but matches a previous valuation in February.

According to a press release issued by the firms, self-driving technology from each company will be integrated into purpose-built Toyota vehicles.

Uber halts self-driving tests after death
Uber settles with Waymo on self-driving
The fleet will be based on Toyota's Sienna Minivan model with pilot trials beginning in 2021.

Shigeki Tomoyama, executive vice president of Toyota Motor Corporation, said: "This agreement and investment marks an important milestone in our transformation to a mobility company as we help provide a path for safe and secure expansion of mobility services like ride-sharing."

Both Toyota and Uber are seen as lagging behind in developing self-driving cars, as firms such as Waymo, owned by Alphabet, steam ahead.

Uber has also scaled back its self-driving trials after a fatal crash in Tempe, Arizona, in March, when a self-driving Uber SUV killed a pedestrian.

Since then, the ride-hailing giant has removed its autonomous cars from the road and closed its Arizona operations.

Uber's troubled self-driving car efforts are in need of external help, and this deal with Toyota might provide that expertise. It's of course a terrific opportunity for Toyota, too.

It was reported earlier this month that Uber was sinking around $1m-$2m into its autonomy work every single day. The results of that effort have not been something to be proud of - one fatal crash, one very expensive lawsuit, and not a lot of self-driving compared to the leader in this sector, Waymo.

Sharing the burden, and R&D cost, will delight Uber's investors as it aims for its initial public offering next year.

Meanwhile, shares in Toyota spiked at reports of the deal. Not surprising. Many analysts think personal car ownership will drop dramatically when the self-driving, ride-sharing future is fully upon us - with major companies instead purchasing enormous fleets of vehicles. Toyota, then, may have just secured its biggest ever customer.

The deal extends an existing relationship with Toyota, and furthers Uber's strategy of developing autonomous driving technology through partnerships.

The US firm has also teamed up with Daimler, which hopes to own and operate its own self-driving cars on Uber's network.

On Monday, Uber said it planned to focus more on its electric scooter and bike business in future, and less on cars - despite the fact it could hurt profits.

Revenue from its taxi business is rising but the cost of expansion into new areas such as bike sharing and food delivery has meant losses have grown rapidly.

Sultan of Malaysian state of Johor visits Mongolia www.akipress.com

The Sultan of Malaysian state of Johor Mr Sultan Ibrahim Almarhum Sultan Iskandar will visit Mongolia. 
It is the Johor Sultan’s first official visit to Mongolia, which will not only enhance relations between Johor and Mongolia, but also explore investment opportunities for both sides, Bernama news agency reported.

TRAM studies released: Exporters highlight difficulties in employing skilled staff www.zgm.mn

Report on the unified research of European Union funded project Trade Related Assistance for Mongolia (TRAM) was disclosed last week. According to Toby Philpott, Senior Private Sector Consultant and a key expert of TRAM, 60.8 percent of surveyees consisted of Mongolian private sector representatives considered the People’s Republic of China (PRC) as the best export market for Mongolia, followed up with European Union (34.2 percent). The project, which was launched on March 7, 2018, aims at strengthening the capacity to further develop appropriate export development strategies and translate this into actual implementation through inter-ministerial coordination and enhanced engagement with private sector organisations. A total of 132 respondents from the private sector participated in the study, of which 25 percent were from wool and cashmere industry, 9 percent - meat, 7 percent - tourism, 8 percent - leather, 7 percent - textiles and 9 percent from unidentified sectors. The research considered the general export markets, regulations, times spent on activities, exporters’ knowledge, skills and resources. Furthermore, 82 percent of the surveyees were exporters and the remaining consisted of entities interested in and/ or capable of exporting; however, the officials highlighted that the study could not identify the barriers to potential exporters. In terms of favorable export markets.

Mongolian and EU representatives discuss sustainable production www.gogo.mn

The Ministry of Nature, Environment and Tourism, in collaboration with the SWITCH-Asia Sustainable Consumption and Production Facility program of the European Union, held a consultative meeting on Sustainable Consumption and Production.

Personal accident insurance compensation up by 25.3 percent www.gogo.mn

Due to an increasing number of natural disasters and accidents, personal accident insurance compensation saw an increase of 25.3 percent, reaching 15.8 billion MNT in the first seven months of 2018.