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Economy

Mongolia’s parliament committee backs a 158 billion yen Japanese loan at 1.1% to expand the Chinggis Khaan airport by 2034

The State Great Khural’s economic standing committee voted on Wednesday to support the government’s request to negotiate an exchange of notes with Japan and a loan agreement of up to 158,284,000,000 yen at 1.1% a year, with the principal free of repayment for the first 10 years, for the expansion of the Chinggis Khaan International Airport, the parliament’s site reported. It adds 81,900 square metres to the airport and is timed for operation in 2034; finance minister Z. Mendsaikhan presented it, and 59.4% of the members present supported it. From the committee its opinion goes to the budget committee and to the security and foreign policy committee.

By CAW Staff23 September 2026
: Bar chart of Uzbekistan's planned generating capacity, 46.1 gigawatts in 2030 and 57.2 in 2035, with today's solar, wind and hydro shown as small stacked segments and an amber mark for storage.

Khöshig valley’s airport opened in 2021 on Japanese money and is run by a Mongolian-Japanese concession company; the new loan would carry it to a second phase. On the parliament’s page are the yen ceiling, the rate, the grace period, the area and the year, and no passenger figure. The case for the size is not on the page.

The vote came on Wednesday, the day after the plenary reopened on its third attempt and seated the justice minister without reaching the budget. Committee support at 59.4% is a committee reading; 2 more committees read the draft before it can go to the floor.

The case for the size is not on the page.

Japan is the airport’s lender twice over, and 1.1% for a loan repaid from the 11th year is the kind of money Mongolia does not find at home: the pension rise in the government’s own 2026 budget rewrite is paid from a 1.5 trillion tugrik dividend from the state coal company. The parliament’s page prints the yen and no other currency.

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