Company: China Machinery Engineering Company (CMEC)
Project: Solar power plant
Details: China Machinery Engineering Corporation and DTEK company have signed a contract for the construction of a Nikopol solar power plant with an installed capacity of 200 MW in Nikopol (Dnipropetrovsk region). The project will meet the electricity needs of over 1 million citizens, while reducing carbon emissions by 300,000 tons annually. Started in April and will be completed by end of 2018 230 million euros CMEC and DTEK are investors of the project
Period: Started in April and will be completed by end of 2018
Amount: 230 million euros
Funding: CMEC and DTEK are investors of the project
Company: China Machinery Engineering Company (CMEC)
Project: Dredging seaports
Details: The Beijing-based CHEC started its second project on dredging in Ukraine – in the Port of Chornomorsk near Odesa. It’s planned to create conditions for large vessels with large cargo capacity of up to 100 thousand tons to enter the port; the total volume of dredging is 2 million cubic meters. Previously CHEC successfully finished dredging 4.4 million cubic meters of soil from Ukraine’s busiest port of Yuzhnyy, a $38-million project which was completed three months ahead of schedule.
Period: Started on Aug. 8 and will be completed by the end of 2018
Amount: $14.6 million
Funding: CHEC
Company: Tebian Electric Apparatus (TBEA)
Project: Wind park
Details: TBEA plans to build a 0.5 GW wind power plant in Mykolaiv Region
Period: To be completed before 2020
Amount: $500 million
Funding: In progress
Company: China Pacific Construction Group (CPCG)
Project: Fourth metro line in Kyiv
Details: CPCG will build a metro line linking Kyiv’s residential district of Troieshchyna with the city center. With a length of 20 kilometers it will consist of 13 stations and aims to reduce the traffic jams in Kyiv for about 500,000 citizens
Period: A four-year project to start late 2018
Amount: $2 billion
Funding: The Kyiv City Administration will pay 15 percent, the rest of the sum is covered by a 20-year loan from a Chinese bank backed by Ukrainian government guarantees (annual rate of 2 percent).
Company: China Road and Bridge Corporation (CRBC)
Project: Highway construction
Details: Ukraine’s state road transport agency Ukravtodor has signed a memorandum of cooperation with CRBC to reconstruct the Odesa-Mykolaiv-Kherson highway, or 200 kilometers. The road plans to have four lanes and serves as a detour for the city of Mykolaiv.
Period: The year-and-a-half project is planned to start in late 2018
Amount: $150-$200 million needed to finance the project
Funding: N/A
Company: Aerospace Industry Corporation of China (AICC)
Project: Building two giant An-225 airplanes
Details: Ukrainian An-225 Mriya cargo aircraft are planned to be built in China (in Chengdu and Shaanxi) under a license agreement signed with Kyiv between AICC and Antonov state enterprise. The first Chinese An-225 planned to be released in the first half of 2019.
Period: Agreement signed on Aug. 30, 2016
Amount: N/A
Funding: N/A
Failed projects
Company: China National Complete Engineering Corporation (CCEC)
Project: “Air Express” passenger railway
Details: The CCEC was designated as the general contractor for performing turnkey construction works for 8-kilometers passenger railway connecting Kyiv with Boryspil International Airport.
The first tranche of $52.1 million entered the accounts of a formally existing Ukrainian state enterprise “Air Express” in 2013.
The remaining $ 320 million supposed to be transferred in 2014.
Despite the fact that the money was allocated, and the feasibility study for the project was approved in March 2011, the design was not completed, so the construction was never started.
The project is now being implemented by Ukrzaliznytsia, Ukrainian state rail transport administration. The completion is expected in Dec. 2018
Period: July 5, 2011
Amount: $372.3 million
Funding: Credit agreement signed with the Export-Import Bank of China. The loan supposed to be given in two tranches at 6.5 percent per annum for a period of 15 years.
Company: Beijing Skyrizon Aviation Industry Investment (BSAII)
Project: Aircraft Production Plant
Details: Motor Sich, a Ukrainian manufacturer of aircraft engines, and BSAII signed a Memorandum of Cooperation in 2015 to build an aircraft production plant in China as well as to transfer the production of Motor Sich engines there.
Ukraine’s Security Service (SBU) opened a criminal case against Motor Sich for “sabotage” after a controlling stake of the company was sold to the Chinese investor in September 2017. The Ukrainian court froze Motor Sich’s shares after the SSU claimed that the assets of military aircraft suppliers can’t be exported from the country.
Period: Feb. 25, 2015. Project has been suspended
Amount: $250 million
Funding: Chinese investments
Source: Ministry of Energy and Coal Industry of Ukraine, Center for Transport Strategies, DTEK, Ukraine Sea Port Authority (USPA), Security Service of Ukraine, Ukravtodor
