During today’s Budget Standing Committee meeting, it was agreed upon that additional discussion of the project to build a new international airport in Ulaanbaatar will be scheduled, with a construction completion target date in 2016.
The new airport is now under construction in a project being led by the Mongolian government and Japanese cooperation agency JICA.
A loan agreement of 28.8 billion JPY to implement the project was signed in May 2008, within the framework of official Japanese development grant aid. The issue of taking on additional financing was discussed at Parliament session of 2013.
Although initial discussion of the airport began in 2007, time has been lost in implementing the project, and members of the standing committee have mentioned that costs for the airport have exceeded initial estimates.
We spoke about the progress of the project and its financing with the director of the new international airport project