15 February 2019

Ukraine may get US$3 bln China loan for irrigation, report says

Ukraine is in talks with China to receive a US$3 billion loan under government guarantees from the Export-Import Bank of China to resume irrigation of farmland in the south of the former communist Black Sea country, Bloomberg News reported on Tuesday. The talks are in the final stage, Ukrainian Agriculture Minister Mykola Prysyazhnyuk was quoted as saying in Kiev. The project will begin in the middle of 2014 and will help supply water to 1.2 million to 1.4 million hectares of farm land, according to the report. 

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