China loans Ukraine $15bn for social housing programme

China loans Ukraine $15bn for social housing: The construction arm of the Chinese state-owned CITIC investment corporation has signed an MoU with the Ukrainian government committing it extend a 15-year, $15bn loan to fund Kiev’s social housing programme. Beginning with a $1bn pilot project, the programme will eventually cover  the development of Ukraine’s public housing policy, affordable housing, the formation of a  social housing fund, housing for the nation’s youth, and a range of  infrastructure projects.

Source: Rosbalt