Tuesday, 14th May 2013
In General Japan News,
Japan wins Mongolian airport contract
In a boost for the Japanese construction industry, it has been confirmed that two firms form the east Asian nation have secured a contract to build the second international airport in Mongolia.
Engineering company Chiyoda Corp will be working in conjunction with trading house Mitsubishi Corp on the project which is expected to start later in the year.
The airport will be based approximately 50 kilometres from the capital Ulan Bator and the contract is said to be worth 50 billion yen.
It is a major project and on completion it is expected that some two million passengers will make use of the airport's terminal buildings and runways each year.
Japan's Prime Minister Shinzo Abe visited the Mongolian city of Ulan Bator in March. During his visit he agreed with the country's Prime Minister Norov Altankhuyag and President Tsakhia Elbegdorjto to improve trade relations between the two countries.
On his return, Prime Minister Abe said that Japan "attaches importance to relations with countries which share the same values such as the rule of law and basic human rights".
Written by Mark Smith