Ashid Advocates LLP Represents One of the Largest Contractors in relation to the New Ulaanbaatar International Airport (NUBIA) Project
Our team of lawyers represents one of the largest developers in connection with the NUBIA.
The NUBIA is located in the Khushigiin Khundii valley, 52km from Ulaanbaatar. NUBIA will triple passenger capacity to approximately 3 million a year and boost cargo handling by a factor of 10.
The construction work was awarded to the prime subcontractor Samsung C&T, while the specialist concrete paving work is being carried out by South Korean firm Sungdo Construction.
To finance the airport project, the Government of Mongolia signed a 40-year loan agreement for US$645 million with the Japan Bank for International Cooperation. The Mitsubishi-Chiyoda Joint Venture (MCJV) won the tender process for the contract. In May 2013, the main construction package was signed between MCJV and the Civil Aviation Authority of Mongolia.