Delegation of the CITIC Construction Company in Ukraine

In the course of the visit of the Head of China Hu Jintao toUkraineand strengthening Ukrainian-Chinese relations, with the assistance of the Charity initiative “Ukraine-Middle East” from 21 to 23 June 2011 the delegation of the CITIC Construction Company, headed by Vice-President Chen Syaotszya ( CHEN XIAOJIA) was inUkraine.

The main purpose of the visit was to hold meetings with representatives of the Ministry of Economic Development and Trade, the Ministry of Infrastructure, KSCA and the State Agency of Ukraine for Investments and Development, People’s Deputy of Ukraine Pavel Klimets, during which the participation of China in the number of common (Ukrainian-China) projects, including the possibility of Chinese investment attracting was concidered.

It should be noted that the company CITIC Construction – is a subsidiary of China National Industrial and Investment Corporation CITIC Group (one of the largest corporation ofChina- capitalization in 2008 counted 256 mlrd. dol.USA), which is under the State Council of China and has the status of the Ministry of foreign investment.

The company is currently implementing projects all over the world to the sum of more than 20 billion dollars. Among the known projects: the construction of the underground (Tehran), East-West Highway (Algeria), lending for 20 years and an interest rate of 2% of the construction of a complex chemical industry (Uzbekistan), CHP (Brazil), the construction of the three cement plants with the capacity 5000 t / day (Belarus). Investment projects more then 500 million dollars – that is the way to work with CITIC Construction, however, forUkrainethey are ready to make an exception.