19 April 2019

Chinese tycoon in US$10 bln Ukraine port spree, paper says

Chinese businessman Wang Jing will invest US$10 billion to develop port and industrial facilities in the Ukrainian autonomous republic of Crimea, China Securities Journal reported Thursday. Wang will initially build a US$3 billion port and industrial park project, followed by a refinery, a liquefied natural gas plant and an airport. Earlier, he announced a US$40 plan to develop a canal in Nicaragua, the report said.

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