Chinese investors interested in building port elevator in Ukraine for 50,000-100,000 tonnes – official

10:20, 12.08.2015 1 min read

Chinese investors intend to build a port elevator of 50,000-100,000 tonnes in Ukraine, First Deputy Minister of Agricultural Policy and Food Yaroslav Krasnolsky has said.

"As a result of our meetings, we do not have a signed protocol. Envoys have arrived in Ukraine and they are ready to build an elevator for 50,000-100,000 tonnes and raise $2.5 billion from the Chinese side. This concerns a port elevator," he said at a briefing in Kyiv.

According to him, the relevant agreements were achieved during a visit of the Ukrainian delegation to China. In the near future representatives of Chinese state-owned companies are expected to come to establish cooperation with Ukrainian companies.

According to the ministry, in 2014 the share of agricultural products in the total goods turnover in China amounted to 29% (the total turnover stood at $2.7 billion).