Construction of Tsaiz Eco Town Commenced

On June 30, 2018, a Memorandum of Understanding was signed for the construction of ‘Tsaiz Eco Town’ in Bayanzurkh District as part of the ger area redevelopment initiatives led by the government of Mongolia.

The MOU was signed by Erel LLC, National Housing Corporation, GIZ Urban Nexus, Arig Bank and Eco Town Association on behalf of the landowners. Within the framework of this memorandum, pre-feasibility study, feasibility study and the financial analysis have been completed. The first phase of the project has began with 20 units.