Ukraine will continue the implementation of major
infrastructure projects significant for the country with the help of
concessional funding from Japan. This was the topic of a meeting of Vice Prime
Minister of Ukraine/ Minister of Regional Development, Construction, Housing
and Utilities of Ukraine Hennadii Zubko and Director-General of the European Affairs Bureau of the Ministry of Foreign Affairs
of Japan Hajime Hayashi.
"We have embarked on the implementation of a project to
modernize Bortnychi aeration plant. The Government
and the Verkhovna Rada of Ukraine have adopted all the necessary decisions,
amendments in legislation for this purpose", stressed Hennadii
The Vice Prime Minister of Ukraine noted that the Government
had allocated UAH 63.1 million from the State budget of 2016, while the
Government of Japan had extended a US$ 900 million soft loan for the
implementation of this project. The terms offer 0.1% interest rate, 40 years
amortization, a 10-year grace period.
noted that another important cooperation line is the energy sphere, in
particular, the introduction in Ukraine of advanced Japanese Clean Coal
Technologies (CCT) to improve the efficiency of coal-steam plants in Ukraine.
that the Vice Prime Minister of Ukraine and the Director-General of the European Affairs Bureau of the Japanese MFA also discussed possible participation of Japanese
companies in projects to complete the construction of a bridge across the
Dnieper river and a section of subway to Trojeschyna area.
The interlocutors also focused on the reforms in Ukraine and
the necessary assistance in the framework of cooperation with the Support Group
for Ukraine, established by ambassadors of G7 states (the UK, Germany, Italy,
Canada, the U.S.A., France, Japan). Moreover, they tackled holding
meetings-consultations of Ukrainian ministers with this Group to discuss
problems in implementation of reforms in specific areas. The Support Group for
Ukraine chairs Ambassador Extraordinary and Plenipotentiary of Japan in Ukraine
It should be noted that Japan is presiding over the Group of
Seven in 2016 and expressed its readiness to make efforts to support reforms in
Ukraine. Japan announced the G7 summit due to take place in central Mie
prefecture on May 26-27, 2016.