18:29 28.02.2017

China Haisum Engineering could invest $515 mln in Ukrainian gardening projects

KYIV. Feb 28 (Interfax-Ukraine) – The Ukrsadprom association and state-run China Haisum Engineering Co, Ltd. have signed a memorandum of understanding. Some $515 million of investment into Ukrainian gardening projects is envisaged under the memo.

"With the help of the Chinese corporation Ukrainian gardeners will be able to receive $515 million of investment in coming two years," Head of Ukrsadprom association Dmytro Kroshka said at a press conference at Interfax-Ukraine on Tuesday.

He said that the planned investment from the partners will be spent in 16 regions of Ukraine.

"All infrastructure projects of our members [the Ukrsadprom association] will be discussed. I hope that most of them will be financed. Today 18 projects have been selected. Investment is from $200,000 to $25 million," Kroshka said.

He also said that the sides determined the directions for investment in the memo signed on February 28. The memo concerns fruit and berry processing, construction of fruit storage facilities, additional processing facilities and processing of up to 500,000 tonnes of fresh fruit and berries. Some $130 million [could be invested] in fruit storage facilities. The smallest capacity we are to reach is an additional 500,000 tonnes to what we have now. Today we have around 280,000 tonnes of the storage capacity," he said.

Kroshka said that one of the Ukrainian state-run banks could act as a financial operator of the project.

Manager of the international department of China Haisum Engineering Co. Gong Jun said that it is planned to sign the official general investment document between representatives of Ukraine and China at the forum in Beijing on May 14 and May 15, 2017. One of the projects will be gardening.

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