“The Chinese CITIC Construction Co., Ltd is ready to invest $15 billion in Ukraine’s construction market, which will help solve the problem of affordable housing in the country…” the ministry said in a statement.
The project is aimed at meeting the country’s public housing policy, of forming a social housing fund, constructing affordable homes, and improving the infrastructure. Ukraine will implement a pilot $1 billion project to construct affordable housing where CITIC will act as the general contractor.
Earlier in March the head of Ukraine’s Ministry of Regional Development Gennady Zubko said that the nation was in talks with China over attracting investment to implement a program of renting real estate with an option of further acquisition.
Financial arrangements with China generally carry a stipulation…
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