Ulaanbaatar
New Airport Management Project to be implemented by Mongolia-Japan joint companies
Society
Ulaanbaatar /MONTSAME/ At its regular meeting on June 28, the Cabinet allowed to establish a concession agreement with Mongolia-Japan joint company under ‘invest-operate-transfer’ condition for Ulaanbaatar International New Airport Management Project.
The project will be
carried out by ‘Airport at Khushgyn Valley’ state-owned profit oriented
enterprise from Mongolian side and ‘Consortium SPV’ or ‘Japan Airport
Management’ LLC from Japanese side.
Concession term is 15
years and owners of the concession plan to commence works ensuring their
preparations with their funds within 10 months since the agreement has entered
into force.
