Chinese company signs deals to modernize highways in Ukraine

2017-10-11 02:23:05 GMT2017-10-11 10:23:05(Beijing Time) Xinhua English

KIEV, Oct. 10 (Xinhua) -- The private Chinese company XinjiangCommunications Construction Group Co. Ltd has signed two agreementswith Ukraine's state road agency Ukravtodor on the modernization ofstate highways in western and central Ukraine.

The deals worth 95 million U.S. dollars were signed in Ukraine'sInfrastructure Ministry by Shen Jinsheng, the chairman of theXinjiang Communications Construction Group, and Slavomir Novak, anacting head of the Ukravtodor.

The first agreement envisages that the Chinese company willconduct the reconstruction and the road safety improvement works onStriy-Ternopil-Kirovograd-Znamenka highway, which stretches fromwestern to central Ukraine.

The other deal stipulates that the firm will carry out a majoroverhaul and a pothole repair on several sections of theKiev-Kharkov-Dovzhansky highway, which links the Ukrainian capitalwith Russian border.

Xinjiang Communications Construction Group Co Ltd won thetenders on the road repair in August this year.

Both projects, financed by the International Bank forReconstruction and Development (IBRD), are set to be launched in2018.

While speaking after the signing ceremony, UkrainianInfrastructure Minister Volodymyr Omelyan said this was the firsttime that a Chinese company will carry out Ukraine's roadreconstruction projects funded by international organizations.

"This is the first experience of Chinese companies in Ukraine.This is actually the resumption of cooperation with internationalfinancial institutions," Omelyan said.

Meanwhile, Shen said his company stands ready to introduce avariety of innovative Chinese road construction technologies toUkraine and exchange experience with local professionals.

"We will bring advanced Chinese technologies and materials toUkraine, and thanks to contacts with Ukrainians we will furtheradvance the quality of our works," he said.

According to official statistics, Ukraine has about 170,000kilometers of roads, with half of them are in need of majorrenewal.

Last year, 3,410 people lost their lives in over 158,000 trafficaccidents on Ukraine's roads.

The Ukrainian government has set a target to halve the number offatalities in traffic accidents by 2020. Enditem