You're reading: Chinese company ready to invest $400 million in coalmines in Lviv region

Lviv, June 15 (Interfax-Ukraine) – Chinese investors are ready to invest $400 million in the construction of several coal mines in Lviv region.

President of Kitpred enterprise Dan Saosyu made this announcement at a meeting with Lviv Governor Mykhailo Tsymbaliuk, Lviv Regional Administration’s press service reported.

"We could construct several coalmines in Lviv region and are ready to invest $400 million in this construction. We have serious intentions to build coalmines in the region, as we have been implementing several similar projects," the press service quotes the Chinese top manager as saying.

Vice Chairman and General Manager of Tiandi Science&Technol CO., LTD Dezheng Wu said in turn that his company could take care of developing all necessary engineering documentation for the construction of the coalmines in Lviv region, as it has great experience in that business – 70% of coalmines in China were designed by that company’s engineers.