An agreement has been inked by Ukrtelecom with China Development Bank, under which it would get financial aid for the development of telecommunications network in Ukraine. The loan is expected to be refunded by 2022, and it would be utilized to execute the up gradation of telecom infrastructure in six biggest Ukrainian cities and create a management center of the network in Kiev. Ukrtelecom would be offered with technological support and equipment during the network modernization project from Huawei that would be introduced in 2016.