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