Chinggis Khaan World Airport has formally opened at the outskirts of Ulaanbaatar.
The venture is a three way partnership between Mitsubishi Company, Narita World Airport Company, Japan Airport Terminal Corporate, JALUX and the Mongolian executive.
Underneath the phrases of its concession settlement, New Ulaanbaatar World Airport (NUBIA) might be accountable for airport operations for the following 15 years.
The brand new airport was once at first scheduled to begin operations in 2020, however the opening was once behind schedule on account of the Covid-19 pandemic.
All belongings have now been safely transferred from the outdated airport (Buyant-Ukhaa World Airport), thereby readying the brand new airport for flights and passenger visitors.
Even if the pandemic has considerably decreased air commute in Mongolia, call for for flights is predicted to extend over the medium to long run, specifically in Ulaanbaatar.
The brand new airport will most probably play an more and more outstanding function over the approaching years.
In working the brand new airport, NUBIA might be profiting from the mixed experience of its 4 shareholders.