Rivne regional administration signed a memorandum of cooperation with Power Construction Corporation of China (PowerChina) on the reconstruction of Rivne International Airport in northwest Ukraine, the regional administration reported on its official website on Thursday.

The press service noted that there is an opportunity to turn the airport into an international hub by reconstructing the flight zone and modernizing the cargo transportation infrastructure.

PowerChina also confirmed the signing of the memorandum.

"Our company attaches great importance to the Ukrainian market. Currently, we are implementing seven contracts in Ukraine, mainly contracts in the field of infrastructure and energy. The signing of a memorandum of understanding regarding Rivne Airport has become a manifestation of our consistent approach, which provides for strengthening cooperation with Ukraine," Chen Shijun, deputy general director of PowerChina for Eurasian market development said in response to a request from Xinhua.

PowerChina is a Chinese state-owned corporation, founded in 2011. It is engaged in the construction of power plants, hydraulic structures, railways and roads, airports, and urban infrastructure.

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