Monday, 13 May 2013 09:29

Contract for new international standard airport signed

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mongolia-new-airport-contract-ceremonyA signing ceremony of the main construction contract between the Civil Aviation Authority of Mongolia and Mitsubishi-Chiyoda joint venture was held on May 10, 2013. A contract that is worth of JPY 49.9 billion was signed at the Ministry of Road and Transport of Mongolia.


The new airport will be built in Khushigiin Valley in approximately 50 km to the South of Ulaanbaatar. It will have a handling capacity of 3 million passengers a year and 24 hour all-weather air traffic control system. It also has a reserve for future expansion which will allow receiving 22 thousand aircrafts and handle up to 12 million passengers as well as building additional runway.

A new town with population of 100 thousand will also be built around the new airport.

The project is funded by the 40-year low interest loan of Japan International Cooperation Agency (JICA). The loan will not have interest for the first 10 years but 0.2% of interest for next 30 years.  Mongolian government will be responsible for infrastructure such as electricity, optical cables and road network.

Project contractor Mitsubishi-Chiyoda promised to bring the new airport to operation within 43 months which is due to by December, 2016.

The new airport will meet 4E international standard for airports, working group emphasized.

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