The Government of Mongolia and the U.S. Millennium Challenge Corporation (MCC) announced the entry-into-force of the $350 million Mongolia Water Compact designed to sustain economic growth and reduce poverty through the expansion of bulk water supply in Ulaanbaatar. The Compact is funding major infrastructure projects, including the construction of new wellfields and two large plants - an Advanced Water Purification Plant and Wastewater Recycling Plant which will be the first of their kind in Mongolia. In addition, the Compact will invest in policy measures to create a financially and environmentally sustainable future for the water sector of Ulaanbaatar. By 2026, the water system in Ulaanbaatar will have been expanded to deliver 80% more drinking water, allowing for the city’s future expansion.