The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.
Click on the button below to create your account and get immediate access to thousands of articles.
Ukraine plans major railway project under Belt and Road Initiative
Abstract : Ukraine on Wednesday has unveiled a concept of a new railway project "China-Ukraine-EU (European Union)," which is aimed at unlocking Ukraine's transit potential under the China-proposed Belt and Road Initiative.
BEIJING -- Ukraine on Wednesday has unveiled a concept of a new railway project "China-Ukraine-EU (European Union)," which is aimed at unlocking Ukraine's transit potential under the China-proposed Belt and Road Initiative.
The project, which envisages a construction of a 1,100-km-long high-speed railway line in Ukraine, was presented during a roundtable in Kiev entitled "High-speed railway and transit potential under the Belt and Road Initiative."
The roundtable, which brought together officials and experts from Ukraine and other Belt and Road countries, was organized by the Ukrainian association of Belt and Road cooperation "Silk Link" and "High-speed Rail Lines" association.
Serhii Rudkovskyi, the chairman of the board of the "High-speed Rail Lines" association, said that the project would help Ukraine to become an important transit link on the modern Silk Road by providing favorable conditions for movement of goods between China and the EU.
"We see that there is a need for this project. Currently, about 1 million containers can be delivered annually from China to the EU and in the opposite direction per year," Rudkovskyi told Xinhua.
Meanwhile, Victoria Yanovskaya, a professor at Kiev-based State University of Infrastructure and Technology, said that the planned "China-Ukraine-EU" project will contribute to the development of the Ukrainian economy.
"This project means the creation of new jobs, the further integration of Ukraine into the global economy, as well as the increase in tax revenues," Yanovskaya said.
According to her, the implementation of the project will help to create about 450,000 new jobs in Ukraine at the construction stage and about 70,000 jobs at the operational stage.
According to an optimistic scenario, the "China-Ukraine-EU" project with an estimated cost of 23 billion U.S. dollars could be implemented within seven years.
Most Read
Related Coverage
Focus
Chinese listed dairy firms actively join campaign to r
February 21, 2019
NDRC, Macao SAR sign arrangement on supporting Macao's
February 21, 2019
Chinese vice president meets Djibouti FM
February 21, 2019
China's central bank conducts first CBS
February 21, 2019
Think Tank
China's rural land reform will go much deeper this y...
February 21, 2019
As stated by the Document, "laws, regulations and policy measures need to be...
How will Brexit crisis affect China-UK economic ties...
February 20, 2019
It is crucial for China to understand that the first forces active in the Br...
Why China remains a magnet for foreign investment?
February 20, 2019
With all of these new initiatives in the works, it's fair to say that China ...
Greater Bay Area a center of innovation
February 20, 2019
The successful establishment of the Greater Bay Area as a center of scientif...
Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.
Click on the button below to create your account and get imhttp://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.