Friday, September 03, 2010

China to build rail line for Ukraine

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China will finance, and a Chinese company will build, a 19-mile, $950 million railway link between the Ukrainian capital city of Kiev and its main airport, along with auxiliary facilities, the China Daily newspaper reported Friday.

The newspaper said Ukrainian President Viktor Yanukovich igned a loan agreement for the railway on his first visit to China, which began Thursday.

Construction will begin in 2011 and the project is expected to be completed in 2014.