Mongolia Seeks $1.3 Billion From China to Complete Coal Railway

  • Officials are in China for talks on funding for the project
  • Mongolia hopes for deal in next few weeks so work can start

Mongolia is seeking a $1.3 billion loan from the Export-Import Bank of China to complete a railway connecting its Tavan Tolgoi coal deposit with the Chinese border, a project that has stalled because of lack of funds.

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