The commission formed to oversee the New Ulaanbaatar International Airport being built in Sergelen soum, Tuv Province, met on December 29 to discuss when the new airport will be operational. The commission stated that they plan to have the new airport operational within the first quarter of 2017.
Construction of the new international airport in Khushigt Valley was first proposed by then Prime Minister M.Enkhbold in 2006, during a state visit to Japan. The proposal to fund the project with a discounted loan from Japan was first presented to the Japanese government on June 28, 2006. Then President N.Enkhbayar brought up the project during a state visit to Japan in 2007. The discounted loan was first discussed in May 2008 and was ratified by Parliament on May 29.
The Japanese government first issued a discounted loan of 28.80 billion JPY (approximately 300 million USD) for construction of the airport. Following an agreement between the two governments, the total amount of money invested was raised to 65.6 billion JPY.
The project is being overseen by the Japanese International Cooperation Agency (JICA). In a recent interview, Kimihiro Maeda, the official representative of the Japanese delegation leading construction of the airport, stated that they plan to hand over the airport to the Mongolian authorities on January 10.