This news could break anytime soon
CGGC is holding ongoing discussions with a range of debt and equity providers interested in funding the project, including China Development Bank and the Silk Road Fund.
NR has separately entered into an agreement with Russian design institute Mosgiprotrans to jointly complete a preliminary assessment of a rail connection from Ovoot to Arts Suuri and Kyzyl in Russia. NR and a Mongolian design institute will complete a similar assessment for the Mongolian side of the border. The results will be jointly presented by Russian and Mongolian rail ministry representatives to Chinese funding institutions including the Asian Infrastructure Investment Bank to seek funding for a feasibility study.
https://www.railwaygazette.com/news...ailway-draft-feasibility-study-completed.html
AKM SP Talk, page-252
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