Mongolia seeks funding for mega-projects
Mongolia seeks funding for mega-projects.
Mongolia seeks funding for mega-projects. As one of the founders of the Asian Infrastructure Investment Bank (AIIB), Mongolia is seeking financing from the bank for particular infrastructure projects. It was said by PM Mr. Saikhanbileg at the meeting with visiting AIIB President Jin Liqun, who is taking part in the ongoing ASEM Finance Ministers’ Meeting in Ulaanbaatar. The Prime Minister pointed out that Mongolia seeks financing for implementing projects on construction of the south east Gobi’s 267 km railway, railways connecting Russia and China through the Mongolian territory as well as for re-funding the auto-roads under operation. The AIIB President proposed determining the ways of cooperation on certain projects after scrutinizing detailed information on the offered projects from Mongolia and performing feasibility studies over the projects. The AIIB is available to provide economically-fruitful projects with a big amount of credit, and it pursues a policy to support mega-projects on infrastructure in collaboration with international financial and banking institutions.
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