New Ulaanbaatar International Airport construction project funds of soft loan issued in 2008 is to finish in July. Thus, to ensure the normal construction work flow, additional loan issue needs to be resolved urgently.

The Government agreed on the principles of project "Additional loan agreement on constructing the New Ulaanbaatar International Airport" and that will be signed between the Government of Mongolia and the Japan International Cooperation Agency. The State Great Khural is planned to discuss on the agreement with related standing committees.

The soft-loan agreement of ¥2.8 billion will be paid back within the next 40 years by the Government of Mongolia, for which it has annual 0.2% interest was approved by the State Great Khural in May, 2008.

In March 2013, during the visit of the Prime Minister of Japan Shinzo Abe to Mongolia, it was agreed between two Governments to start its construction.

It is arranged that the new funds will be equivalent to the previous loan terms and will be funded with soft loan source.