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New railway project “China-Ukraine-EU”

 

The project would help Ukraine to become an important transit link on the modern Silk Road and to provide favorable conditions for movement of goods between China and the EU.

A construction of a 1,100-km-long high-speed railway line in Ukraine is expected with the support of the Belt and Road Initiative.

Currently, about 1 million containers can be delivered annually from China to the EU and in the opposite direction per year.

“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.

According to an optimistic scenario, the “China-Ukraine-EU” project with an estimated cost of $23 billion could be implemented within seven years.

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