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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.

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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

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