Project with Ukraine to bolster nation's aircraft engine capability
China is working with Ukraine on an industrial park to build aircraft engines, a joint venture expected to extensively boost China's research, development and production capabilities in that area, according to project insiders.
Chongqing Skyrizon Aero-Propulsion Industrial Park, which broke ground in late 2015, will cover 5 square kilometers in the Chongqing Liangjiang New Area, and involves an investment of 20 billion yuan ($3.04 billion).
The industrial park's investors are Beijing Skyrizon Aviation Industry Investment Co, the only private aeronautical engine company in China, and Ukraine's Motor Sich Joint Stock Co, one of the world's largest aircraft engine manufacturers. In the park's initial stage, they will jointly produce Ukrainian-designed engines there.
