Stepan Kubiv held a meeting with the delegation of the China Exim Bank

July 12, First Vice Prime Minister/ Minister of Economic Development and Trade of Ukraine Stepan Kubiv held a meeting with the delegation of the Export-Import Bank of China to tackle issues pertaining to the implementation of projects launched in 2011-2012 in the field of infrastructure and agro-industry.

Stepan Kubiv proposed to change approaches to the implementation of the said projects with the participation of the China Exim Bank and outlined possible alternative projects for cooperation.

«I am assured that all joint initiatives of 2011-2012 should be evaluated on the basis of their strategic importance for the Ukrainian economy. For example, in relation to the Air Express project: several variants of the railway connection between Kyiv and the Boryspil International Airport, including "light metro" or tram trains, are being processed in order to increase the number of passengers and improve the quality of service on this route. I think that all projects should be based on the principle of finding a highly beneficial solution for Ukraine and China», Stepan Kubiv asserted.

The First Vice Prime Minister talked about the possibility of applying a similar approach to other projects, including the project of construction of the road M-22 Poltava- Olexandria.

«Given these circumstances, we can begin bilateral negotiations in order to lodge an application for these two concessional loans. Ukraine stands ready to discuss and act in all directions of mutually beneficial cooperation with China», stressed Stepan Kubiv.

He emphasized that Ukraine intends to increase the volume of grain trade to 4-5 million tons per year, which will allow to ensure a breakeven level for the project of the PJSC “State Food and Grain Corporation of Ukraine” (so-called Grain project).

The conversation also involved the acceleration of providing necessary documents in order to use credit funds for the development of infrastructure (port elevators, grain carriers), procurement of plant protection products and other projects.