New Airport Management Project to be implemented by Mongolia-Japan joint companies

AKIPRESS.COM - The Mongolian government approved establishment of a concession agreement with Mongolia-Japan joint company under ‘invest-operate-transfer' condition for Ulaanbaatar International New Airport Management Project, Montsame reports. 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.