China Builder Said to Seek Loan for Possible Contract
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China Railway Construction Corp. is seeking a $100 million to $200 million loan from Chinese banks for a property development in Nevada, a precondition for it to win a contract to build part of the project, said three people with direct knowledge of the matter.
The funding is being sought for the $1.6 billion Union Village project in Henderson City, said the people, who asked not to be identified because the discussions are private. China Railway Construction may alternatively invest a similar amount of its own money in the project, the people said.