📋 Tender Overview
Location: Mongolia
Project number: 55110
Business sector: Manufacturing and Services
Notice type: Private
EBRD Finance Summary: USD 15,000,000.00
Total Project Cost: USD 20,000,000.00
Project Description
Provision of a senior secured loan of USD 15 million to Tavan Bogd LLC (the "Company" or the "Client"). The proceeds of the loan will finance the construction and completion of the Company's new automotive service centre, showroom, and headquarters office building in Mongolia, allowing the Company to support its automotive retail operation and improve its operational efficiency.
Project Objectives
The Project is in line with the EBRD country strategy for Mongolia which priorities include enhancing Mongolia's resilience through a stronger, more diversified and stable private sector.
Transition Impact
ETI score: 63
The transition impact is expected to derive from contribution to the competitive and green qualities. Toyota vehicles are the most popular car choice in Mongolia, and there is a high demand for maintenance services but only a limited number of official after-service providers is active in the market. The Company's expansion of the after service and maintenance business following the completion of the project will double its number of serviced cars while halving the average queue time. In addition, the Company will improve its service outreach to cars not sold by the Company thereby improving reliable service availability in Mongolia. The construction will achieve EPC A building certification. The Project is expected to result in primary energy savings of 2,139 GJ and avoided emissions of 184 tCO2e.
