Mongolia plans to establish 32-year concession agreement

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Minister of Road and Transport Development Mr J.Bat-Erdene worked in Khushig Valley, Tuv province on January 2, overseeing the progress of the construction of the New Ulaanbaatar International Airport and a highway leading to it.

The 32.2 km highway, connecting Ulaanbaatar with the new airport, is 31 meters wide and 60 cm thick with two lanes. The construction work is expected to be completed by October this year.

The New Ulaanbaatar International Airport is a complex facility, and all main components have been built except for some additional works including the construction of a hangar and a garage for the vehicles of passengers and airport staff. A city with 100 thousand residents is planned to be built near the airport.

Minister J.Bat-Erdene informed that the new airport is likely to undergo joint management and launch full operations in 2019. “We are looking at a 32-year concession agreement and a joint management in order to repay the USD 500 million soft loan and run the airport efficiently” he said.