Orchlon School Receives $13.5 Million Loan for Green Campus

Deal News | Dec 06, 2024 | Asian Development Bank

The Asian Development Bank has granted a $13.5 million loan to Orchlon School and Kindergarten Complex LLC to build Mongolia's first internationally certified green campus. This project will be the first private sector intervention by ADB in Mongolia's education sector, aimed at fostering inclusive and sustainable development. The planned structure will include modern and eco-friendly facilities designed to meet EDGE certification standards, such as science laboratories and sports halls, providing an enhanced learning environment while promoting environmental sustainability. This collaboration highlights ADB's strategy to contribute to the prosperity of the Asian region, while Orchlon School principals see it as an opportunity to deliver high-quality education and set a benchmark for green building practices in Mongolia.

Sectors

Education
Financial Services
Environmental Sustainability

Geography

Mongolia – The location of the project and where Orchlon School is based, marking ADB's first education sector intervention in the country.
Asia – Refers to the broader region where the Asian Development Bank operates and asserts its commitment to sustainable development.

Industry

Education – The article discusses ADB's $13.5 million loan to Orchlon School to develop Mongolia's first internationally certified green campus.
Financial Services – Involvement of ADB, a financial institution, in providing significant financial support for sustainable development projects in Mongolia.
Environmental Sustainability – The initiative focuses on constructing a green campus designed to meet environmental sustainability standards.

Financials

$13.5 million – Loan amount provided by ADB to Orchlon School for the green campus project.

Participants

Name	Role	Type	Description
Asian Development Bank	Investor	Company	Provides the $13.5 million loan for the green campus project in Mongolia's education sector.
Orchlon School and Kindergarten Complex LLC	Loan Recipient	Company	The educational institution receiving the loan to build an eco-friendly campus.
Suzanne Gaboury	ADB Director General for Private Sector Operations	Person	Quoted providing insight into ADB's perspective and commitment to sustainable development.
Batmunkh Dashdeleg	Principal and Founder	Person	Principal of Orchlon School who expresses the institutional commitment to educational and environmental goals.