Government to spend MNT120 billion on new airport construction - News.MN

Government to spend MNT120 billion on new airport construction

Old News! Published on: 2011.06.09

Government to spend MNT120 billion on new airport construction

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Мөнгөнтамир
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After a review of the funds needed for Mongolia’s share in the construction of the new airport with a Japanese soft loan, the Government has decided to build some roads and the square outside the airport. The original cost estimate of the project was USD320 million. Delay in starting the work has added MNT120 billion to this and Mongolia will spend this amount.

The airport will have 20 runways. The tender for construction has been announced and work is expected to begin in December. Prime Minister S.Batbold has asked the Minister for Road, Transportation and Urban Development, Kh.Battulga, and for Finance, S.Bayartsogt to provide the financing from the state budget. He also stressed the need for responsibility and transparency at every step.

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