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Construction of Selbe City to Cost MNT 25 Trillion www.montsame.mn

Tenders for Packages 3 and 4 of the “Selbe City Housing Project” will be re-announced as divided into five separate lots.
In connection with this, First Deputy of the Governor of the Capital City Davaadalai Tumendalai, Chief Executive Director of the “Selbe 20-Minute City Corporation” U. Baatar, and construction representatives gave statements.
First Deputy of the Governor of the Capital City Davaadalai Tumendalai stated, “The Selbe City project is of the highest priority among the 24 mega projects implemented by the Governor’s Office of the Capital City. Selbe City will become the first ’20-minute city’ that contributes to reducing air pollution and creates a comfortable living environment for citizens. Ulaanbaatar experienced major urban development between 1965 and 1985. The first urban development of similar scale since then is commencing with the Selbe City project, covering 158 hectares of land. In other words, it is as large as the areas of the 3rd and 4th, and the Micro districts combined. In addition to apartments, the Selbe City will incorporate electricity and thermal systems, clean and wastewater infrastructures, green facilities, schools, kindergartens, and essential service centers. The entire project has been divided into 45 separate work packages. While the first 11 work packages will encompass engineering infrastructure, and the next six will cover social infrastructure, packages No. 20 to 45 will focus on commercial and service centers through private-public partnerships.  Funding of USD 500 million was raised through international bonds. The construction will be launched using direct investments totaling MNT 2.3 trillion through private-public partnerships. According to preliminary estimations, the private sector plans to invest approximately MNT 20 trillion. In total, the development project will cost MNT 25 trillion.”
As per request from the Mongolian associations in the construction sector, the “Selbe City” project team held two online meetings with investors and obtained permission to divide tenders for Packages 3 and 4 into five separate packages. Within the first Work Package, 11 blocks will be constructed, while in Packages 2 to 5, 48 blocks of nine-story residential buildings, with a capacity of 71 households each, will be built. A total of 198 entities have submitted proposals and requests for the 26 Packages of the Selbe City project. The project is still receiving proposals and requests from private entities.

 



Published Date:2025-06-27