Business news from Ukraine

FORUM OF REGIONS OF UKRAINE AND BELARUS TO BE HELD IN ZHYTOMYR IN OCTOBER

Ukrainian and Belarusian diplomats have agreed to facilitate preparations for the second Forum of Regions to be held in Zhytomyr in October 2019. Such an agreement was reached during political consultations between Deputy Foreign Minister of Ukraine Vasyl Bodnar and First Deputy Minister of Foreign Affairs of Belarus Andrei Yeudachenka, the press service of the Ukrainian Foreign Ministry said.
In addition, an agreement was reached on preparing for signing the plan of consultations between the foreign ministries of Ukraine and Belarus for 2020-2021.
As reported, the first Forum of Regions of Ukraine and Belarus was held in Gomel on October 26, 2018. It was attended by the presidents of the countries, Petro Poroshenko and Alexander Lukashenko. They decided to hold the second forum in Zhytomyr.

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CHINESE CORPORATION TO COMPLETE RECONSTRUCTION OF BYPASS ROAD AROUND ZHYTOMYR

China’s Sinohydro Corporation Limited plans to complete the reconstruction of 23 km of a bypass road around Zhytomyr with a total cost of EUR40 million in 2020, Infrastructure Minister Volodymyr Omelyan has told reporters on the sidelines of the Conductors of Changes (Dyryhenty Zmin) conference in Kyiv. “The project is carried out at the expense of international financial organizations. The total investment is EUR40 million. Some 23 km of roads, several junctions, overpasses over railways will be built for them. It is assumed that construction will be completed in 2020,” the minister said.
He added that for the first time Ukrainians will receive a full-fledged concrete road of the first category, which will have four lanes.
As reported, in 2017 Ukravtodor and Sinohydro Corporation Limited signed a contract for the work, the expected completion date of which is 2020. The reconstruction cost is more than EUR42 million. The work is financed by a loan from the European Investment Bank (EIB) and the European Bank for Reconstruction and Development (EBRD).

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