Do you have a link to that statement they need 175m? you should. Read CCTI to receive incremental license fees and royalties based on production. TTCT will be responsible for obtaining all necessary licenses, permits, coal reserves, and all construction-related costs Said here http://www.cleancoaltechnologiesinc.com/index.php?option=content&task=view&id=37
Company will be well positioned to continue to capitalize on the enormous potential of the Chinese market, while avoiding significant capital commitments.
Provincial Government asked to immediately commence with the final engineering design and construction planning to. Did not see them asking for funding?
The project will represent one of the largest clean coal projects in China. Estimated value to the company of some 10.5 billion dollars.