The Mongolia state expects the Asian investment bank to help the railway repair the railway 

Mongolia is facing economic difficulties now. Now it is looking forward to Asian investment bank's financing for several railway projects, including building a railway connecting China to Europe. This is aimed at attracting foreign capital and promoting trade.

Mongolia's Ministry of Transport Consultant Vanden Malebaal said, "China Belt and Road Initiative" strategy is helpful to establish a connection in Mongolia and Russia's economic corridor, let Mongolia state the opportunity to promote new projects, including the expansion of Mongolia's north-south railway route to the East, and the establishment of new development.

There is a North Rail project led by one Australian company, and China has expressed interest in providing 3/4 of the financing.

Connect China border and tavantolgoi mine railway, Mongolia has invested $200 million, but still need another $800 million to complete.

The economy of Mongolia once reached two digit growth. But in recent years, it has been deeply involved in debt crisis, foreign capital decrease and currency depreciation. So the government should implement the policy of reducing expenditure.

According to the Broadcasting British Corporation website in September 20th, Mongolia did not disclose the amount of the financing, and the Asian investment bank refused to comment on the news.