Japan Bank for International Cooperation
More recently Japan and Mongolia have been seeking relationship improvements. In 2008, the Japan Bank for International Cooperation financed a () loan for the government of Mongolia to build a new international airport in Töv Province to service Ulan Bator (currently serviced by Buyant-Ukhaa International Airport). Construction lasted between 2012 and 2017. The new airport is from the capital and is designed to handle 1.65 million passengers annually.