The operator of Narita International Airport near Tokyo and three other Japanese companies plan to help operate an airport opening in Mongolia next summer.
Narita International Airport Corporation, Mitsubishi Corporation and two other firms signed a contract with Mongolia's government to manage the airport's runway and terminal for the first 15 years.
The new international airport is to be built about 50 kilometers south of central Ulaanbaatar, the capital.
The airport corporation says Mongolia has the potential to become a good investment target, with its prosperous livestock industry and rich natural resources.
The company expects the airport to be used by two million passengers per year.
The attempt is the first by the firm to take part in operating an overseas airport. Company official Norifumi Yoshida, who's in charge of the project, expressed hope to use the firm's expertise to expand its overseas business and make it a pillar of the company's profits.
Source:NHK
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