Ulaanbaatar
Construction of Selbe City to Cost MNT 25 Trillion
Society
Ulaanbaatar, June 26, 2025 /MONTSAME/. 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.
