China will allocate $ 15 billion to Ukraine

China will allocate $ 15 billion to Ukraine for the implementation of an affordable housing program, the press service of the Ministry of Regional Development, Construction and Housing and Public Utilities of Ukraine reports .

According to the report, the authorized representative of the Government of Ukraine and the Chinese company Citic Construction signed a memorandum of the allocation of a loan worth $ 15 billion for minimum interest for a period of fifteen years with the right to prolong.

Funds will be aimed at developing state housing policy, building affordable housing, the formation of a social housing fund, the deployment of youth housing construction, lending to individual rural developers and the implementation of infrastructure projects.