China’s CRCC, the railroad construction giant, and Ukrzaliznytsia signed a memorandum of cooperation on Monday

Tuesday, January 21, 2020
China’s CRCC, the railroad construction giant, and Ukrzaliznytsia signed a memorandum of cooperation on Monday

China’s CRCC, the railroad construction giant, and Ukrzaliznytsia signed a memorandum of cooperation on Monday. Goals are to modernize Ukraine’s rail system and to promote Ukraine as a rail transit country for China’s trade with the EU. Ukrzaliznytsia is currently evaluating Chinese electric locomotives for what could be a $1 billion deal. At the signing ceremony, Wang Hongwei, deputy general director of CRCC, said his company will open an office in Kyiv this year.

Support independent journalism team

Dear Ukraine Business News reader, we are a team of 20 Ukrainian journalists, researchers, reporters and editors who would humbly ask for your support.

Previous post
Boat passenger traffic ticked up 4% last year, to 538,000

Boat passenger traffic ticked up 4% last year, to 538,000

Next post
Lack of a “well-functioning public administration” holds up disbursement in €4 billion in approved European Investment Bank loans to Ukraine

Lack of a “well-functioning public administration” holds up disbursement in €4 billion in approved European Investment Bank loans to Ukraine

Previous Main Topics