Beijing: Chinese entrepreneur Wang Jing, who is behind the Nicaragua Canal project, has announced that he will invest $3bn to build a deepwater port in the Ukraine.
The $3bn first phase, 300 hectare port project, is to be located about 60 km north of Sevastopol on the Black Sea.
"The strategic and cooperative partnership between China and Ukraine has moved a step forward," Wang said at a press conference in Beijing on Thursday.
The second $7bn phase project would include an airport, LNG terminal and shipyard. [06/12/13]
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