The Biodiversity and Adaptation to Climate Change-III project will be implemented with a non-refundable aid worth EUR 8 million from Germany and the latter - a soft loan of EUR 7 million.

The funding will be disbursed through the German state-owned development bank, KfW, and the Ministry of Environment and Tourism and Ministry of Education, Culture, Science and Sports of Mongolia will implement the project.

A 3,500 m2 training and research facility consisting of seven types of laboratories and 800 m2 fully equipped library are planned to be built with the soft loan.

The third phase of the project will carry out activities aimed at strengthening the management of buffer zones and ecological corridors in Mongolia's special protected areas, conserving biodiversity, and supporting sustainable livelihoods of locals in the buffer zones.

The two countries have been working together in priority areas such as ensuring sustainable growth of economy, advancing energy efficiency, and conserving endangered animals and plants, and have implemented projects totaling over EUR 400 million since 1992. This year marks the 45th anniversary of the establishment of diplomatic relations between Mongolia and Germany.