English | 简体中文 | 繁體中文 | 한국어 | 日本語
Friday, 2 July 2021, 17:08 JST
Share:
    

Source: Mitsubishi Corporation
New Ulaanbaatar International Airport Set to Open in Mongolia

Ulaanbaatar, Mongolia, July 2, 2021 - (JCN Newswire) - Mitsubishi Corporation (MC), Narita International Airport Corporation (NAA), Japan Airport Terminal Co., Ltd. (JAT), and JALUX Inc. (JALUX) are pleased to announce that the New Ulaanbaatar International Airport (Official name: Chinggis Khaan International Airport) will be officially opened to the public on July 4, 2021. The new airport will be operated by the partners' joint venture with the Mongolian government that was established in 2019. Under the terms of its concession agreement with the government, New Ulaanbaatar International Airport LLC (NUBIA) will be in charge of airport operations for the next 15 years.

Location: Tuv Province, Mongolia (about 50 km southwest of Ulaanbaatar City).

Annual Passenger Traffic: 1.61 million passengers (1.2 million for international and 410,000 for domestic routes).

The new airport was originally scheduled to commence operations in 2020, but the opening was delayed because of the COVID-19 pandemic. All assets have now been safely transferred from the old airport (Buyant-Ukhaa International Airport), thereby readying the new airport for flights and passenger traffic.

Although the pandemic has significantly reduced air travel in Mongolia, demand for flights is expected to increase over the medium to long term, particularly in Ulaanbaatar, the country's capital and center of its political and economic activity. The new airport will likely play an increasingly prominent role over the coming years.

In operating the new airport, NUBIA will be taking advantage of the combined expertise of its four shareholders. MC boasts a strong track record in airports and other infrastructure projects in Japan and around the world, while NAA and JAT operate Narita International Airport and the passenger terminal buildings at Haneda Airport respectively. JALUX is engaged in airport retail businesses and also has experience managing overseas airports. In addition to prioritizing passenger safety, security and comfort, NUBIA plans to leverage the new airport to increase the number of routes and flights servicing Ulaanbaatar, develop attractive in-terminal commercial facilities, and otherwise enhance the new airport's services and profitability.

While maintaining all precautions to prevent the spread of COVID-19, NUBIA is committed to building on a facility that is already being heralded as a symbol of bilateral cooperation between Japan and Mongolia, and in operating the new airport efficiently, the joint venture will do its best to contribute to the sustainable development of Mongolia's economy and society.

1. Mitsubishi Corporation
A global integrated business enterprise that develops and operates businesses across virtually every industry including natural gas, industrial materials, petroleum & chemicals solution, mineral resources, industrial infrastructure, automotive & mobility, food industry, consumer industry, power solution and urban development.
URL: www.mitsubishicorp.com

2. Narita International Airport Corporation
Establishment and management of Narita International Airport
URL: www.naa.jp

3. Japan Airport Terminal Co., Ltd.
JAT's main lines of business are Terminal Building Management at Haneda Airport as well as associated Merchandise and Food & Beverage sales.
URL: www.tokyo-airport-bldg.co.jp

4. JALUX Inc.
Aviation & Airport-related business, Life Service Business, Retail Business, Food & Beverage Business
URL: www.jalux.com

5. NUBIA : New Ulaanbaatar International Airport LLC
Operation of New Ulaanbaatar International Airport (Chinggis Khaan International Airport)
Shareholders:
Japan Airport Management LLC: 51.0% (Special Purpose Company funded by MC, NAA, JAT and JALUX)
Khushigiin Khundii Airport Stated Owned LLC: 49.0% (Special Purpose Company funded by Govt of Mongolia)
URL: http://www.nubia.mn

For more information, please visit: https://www.mitsubishicorp.com/jp/en/pr/archive/2021/html/0000047394.html.

Topic: Press release summary
Source: Mitsubishi Corporation

Sectors: Airlines, Travel & Tourism
https://www.acnnewswire.com
From the Asia Corporate News Network


Copyright © 2021 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.

 
Mitsubishi Corporation Links

http://www.mitsubishicorp.com

https://www.linkedin.com/company/mitsubishi-corporation/

Mitsubishi Corporation Releated News
Friday, 26 November 2021, 15:01 JST
Tokyo Gas, MC to Explore Feasibility of International Synthetic Methane Supply Chain for Carbon Neutrality
2021年11月24日 17時00分 JST
三菱商事、鎌倉/藤沢エリアにおけるスマートシティの実現に向けた「モビリティ×医療」に係る自動運転実証実験を開始
Wednesday, 24 November 2021, 12:27 JST
Smart-City Driverless-Vehicle Pilot Project to Enhance Mobility and Healthcare in Kamakura & Fujisawa Areas
Tuesday, 9 November 2021, 17:08 JST
MC and Kinki Sharyo Sign Contract with Egyptian Government for Rolling Stock Deliveries for Phase 1 of Cairo Metro Line 4
2021年11月9日 13時00分 JST
三菱商事と近畿車輛、エジプト・アラブ共和国 カイロ地下鉄4号線第一期向け車両納入案件の契約締結
More news >>
Copyright © 2021 ACN Newswire - Asia Corporate News Network
Home | About us | Services | Partners | Events | Login | Contact us | Cookies Policy | Privacy Policy | Disclaimer | Terms of Use | RSS
US: +1 214 890 4418 | Beijing: +86 400 879 3881 | Hong Kong: +852 8192 4922 | Singapore: +65 6549 7068 | Tokyo: +81 3 6859 8575