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