Present at the ceremony were Prime Minister U.Khurelsukh, Minister of Road and Transport Development B.Enkh-Amgalan, Minister of Foreign Affairs D.Tsogtbaatar, Governor of the capital city O.Amarsaikhan, authorities of Civil Aviation Authority, Ambassador of Japan to Mongolia Masato Takaoka, Japan’s Vice Minister for International Affairs at the Ministry of Land, Transport, Infrastructure and Tourism Yasuhiro Shinohara, authorities of ‘New Ulaanbaatar International Airport’ Mongolia-Japanese joint company as well as Ambassadors of China and India and representatives of international organizations.

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.

Accordingly, the management of Ulaanbaatar New International Airport was transferred under the concession to ‘New International Airport’ LLC jointly established by ‘Airport at Khushgyn Valley’ state-owned profit oriented enterprise of Mongolia and ‘Japan Airport Management’ LLC of Japanese.

The concession agreement was signed by Chairman of the National Development Agency of Mongolia B.Bayarsaikhan and Executive Director of Mongolia-Japan joint company ‘New International Airport’ Kato Takayo.

The agreement is effective for 15 years and parties of the concession will ensure their preparedness with their own funds and officially launch an operation of the airport within 10 months since the agreement has entered into force.

With start of the management, the airport will introduce management, know-how and customer service of Japan that leads in Asia with its airport services. Moreover, it will be significant for land-locked Mongolia to be connected with many countries and boost its tourism alongside the increase of flight routes and the number of passengers, emphasized the Prime Minister U.Khurelsukh.

“Establishment of the concession agreement which is going to be implemented within public and private partnership is significant to promote human resource development of civil aviation sector and naturalize Japanese new technologies, experiences and standards of services in Mongolia,” underlined the PM, saying it is opening a new chapter in mutually beneficial and long-term cooperation between Mongolia and Japan.

During the launch of a new airport management, a 35-km highway to the airport has been commissioned as well. This six-lane highway that links Ulaanbaatar city with the Khushig Valley airport has been constructed with the soft loan of Chinese Government. The international standard highway runs 32.2 km in route Yarmag Bureau- Aitsiin davaa-Bridge of Turgen-Bukhugiin khutul and Khushig valley.