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.