Chinese company halts work on Crimean deepwater port


Wang Jing, head of BICIM company

The Chinese company Beijing Interoceanic Canal Investment Management Company (BICIM) denied media reports that it has renewed negotiations with Russian and Crimean authorities to build a deepwater port in Crimea, Ukrinform reports, May 30, citing BICIM management.

“In recent days certain media outlets, without obtaining an official statement from our company, have published false information on our company’s project in CrimeaGiven well-known reasons, our company is temporarily halting work on the project and is not planning to resume it for now.,” BICIM representatives told Ukrinform.

“As a responsible international company, we fully respect the fundamental principles of international relations, and we will always carry out our operations based on these principles in the future. Our company will actively pursue joint cooperation with Ukrainian businesses and businesses around the world on the basis of mutual respect and mutual benefit with the goal of promoting world economics and working jointly to improve the well-being of people,” the company statement said.

As previously reported, on December 5, 2013, during former president Viktor Yanukovych’s visit to the People’s Republic of China, a memorandum was signed on a joint venture with Ukrainian businesses to build a deepwater port and industrial  zone in Crimea. BICIM specialists even visited Crimea to study issues related to the project. However, circumstances changed with Russia’s annexation of the peninsula.

This past week, a number of Russian and even several Ukrainian media outlets, quoting the First Deputy Minister of Crimea Rustam Temirgaliev, circulated information that, following Vladimir Putin’s visit to China, Chinese investors supposedly resumed talks that had been broken off in the winter. As previously reported by Ukrinform, the project was estimated at US $3 billion to as much as US $10 billion.

Translation: Anna Mostovych


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1 thought on “Chinese company halts work on Crimean deepwater port

  1. Pingback: Chinese company halts work on Crimean deep water port | news about ukraine

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