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China to allocate $ 15 billion for construction of affordable housing in Ukraine

China is interested in deepening the cooperation with Ukraine in the fields of energy, infrastructure, and high-tech development.

China to allocate $ 15 billion for construction of affordable housing in Ukraine

China will allocate 15 billion dollars for the construction of affordable housing in Ukraine. It was announced by Hennady Zubko, the Deputy Prime Minister and the Minister of Regional Development, Construction, and Communal Living of Ukraine, on his Facebook page, Joinfo.ua reports.

"Thanks to the efforts of the government and the Ministry of Regional Development, in 2015 the cooperation between Ukraine and China reaches a new level. In March, we agreed upon the project to build affordable housing in Ukraine, for which China has agreed to provide 15 billion dollars," said Zubko.

According to Zubko, China is interested in deepening the cooperation with Ukraine in the fields of energy, infrastructure, and high-tech development.

"These and other issues were discussed during the meeting with Ambassador Extraordinary and Plenipotentiary of China to Ukraine Zhang Xiyun. Also there was discussed China"s proposal on Ukraine"s participation in the construction of the economic zone of the Silk Road. This project will help our countries to intensify trade and economic and investment partnership," Zubko said.