Chinggis Khaan Worldwide Airport has formally opened on the outskirts of Ulaanbaatar.
The challenge is a three way partnership between Mitsubishi Company, Narita Worldwide Airport Company, Japan Airport Terminal Firm, JALUX and the Mongolian authorities.
Below the phrases of its concession settlement, New Ulaanbaatar Worldwide Airport (NUBIA) will likely be in command of airport operations for the subsequent 15 years.
The brand new airport was initially scheduled to begin operations in 2020, however the opening was delayed due to the Covid-19 pandemic.
All property have now been safely transferred from the outdated airport (Buyant-Ukhaa Worldwide Airport), thereby readying the brand new airport for flights and passenger site visitors.
Though the pandemic has considerably diminished air journey in Mongolia, demand for flights is anticipated to extend over the medium to long run, significantly in Ulaanbaatar.
The brand new airport will seemingly play an more and more outstanding position over the approaching years.
In working the brand new airport, NUBIA will likely be benefiting from the mixed experience of its 4 shareholders.