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Ukraine seeks to obtain UAH 7.5bn (USD 900mn) loan from Japan International Cooperation Agency.

February 12, 2014

Ukraine's capital Kyiv municipal administration intends to obtain a loan of UAH 7.5bn (USD 900mn) from Japan International Cooperation Agency (JICA). According to the Kyivvodokanal water company's Deputy General Director Andrii Bilyk, the Kyiv municipal administration and Kyivvodokanal, with the support of the government, is working to obtain a loan of UAH 7.5 billion from the Japanese government at the interest rate of 0.1% per annum for 40 years for the financing reconstruction of the Bortnychi aeration station and improvement of wastewater treatment. The condition for financing of this project is use of Japanese equipment.

Comprehensive reconstruction of the Bortnychi aeration station is expected to be implemented in two phases, which will ensure smooth operation of the station and quality treatment of water during the entire period of reconstruction. The total amount of funds needed to complete the reconstruction is UAH 10.4bn.


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Source: IntelliNews - Weekly Reports

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