Ukraine's Agrarian Policy and Food Ministry plans to spend $1.5 billion of the Export-Import Bank of China's $3 billion loan on irrigation projects.
“There are plans to funnel $1.5 billion of China’s loan into the development of areas with additional irrigation,” Oleksandr Demidov, the director of the ministry’s farming department, said at a meeting of the ministry’s collegium in Kyiv on Thursday.
Under the program, the area of irrigated land in Ukraine will expand by 550,000 hectares.
