Friday, 28 July, 2017, 15:04 Economy
China to modernize Ukraine’s Danube shipping company

China will invest in the modernization of the Danube shipping company. The project will take 3 years, Vholos reports July 28.

In all, 21 tug boats are to be modernized and 40 SLG-021 barges to be built for the total of 50 million.

Ukraine’s main partner in the project is China National Teсhnical import & export corporation (СNТIC).

The Chinese credit will be extended for 15 years at 2.5% annual interest.

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2017-12-16 15:10:46