Mongolia is constructing a new international airport located to the south of the capital Ulaanbaatar. The new airport will provide better safety and reliability, good links to the city and will contribute to the economic development of Mongolia. The new international airport is under construction in the Khusig Valley, 52 km south of Ulaanbaatar in the Sergelen sum (district) of Tuv province.

According to J.Bat-Erdene, Minister of Road and Transport Development, the new Ulaanbaatar International Airport is expected to open in 2019. Currently, construction of the airport buildings is 98 percent complete. Work on the highway is 54.2 percent ready and is expected to be finished by October this year. Construction work on the  32 km-long fast highway connecting the airport with UIaanbaatar began last spring with a USD 140 million soft loan provided by the Export-Import Bank of China.

In 2008, the Government of Mongolia received a USD 500 million soft loan from the Japanese Government to finance the construction of the new airport. As the moratorium period ends this year, Mongolia will repay MNT 20 billion in 2018.

In 2017, a record 1.2 million passengers passed through the old Chinggis Khaan International Airport; the new airport. however, will have an annual capacity of 3 million passengers.