Business news from Ukraine

GOVERMENT ALLOCATES UAH 80.5 MLN TO RECONSTRUCT BORTNYCHI AERATION STATION – CONSTRUCTION MINISTRY

5 June , 2015  

KYIV. June 5 (Interfax-Ukraine) – The Ukrainian government has allocated UAH 80.5 million as part of compulsory financing, through Japanese credit funds, for the reconstruction of Bortnychi aeration station in Kyiv.

The Ministry of Regional Development, Construction, Housing and Utilities Services said that the Cabinet of Ministers made the corresponding resolution at a meeting on June 4.

The funds will be allocated at the expense of the State Fund for Environmental Protection as of January 1, 2015.

According to the ministry, UAH 80.019 million will be spent on the construction of the first stage of the starting complex at the station, another UAH 480,800 will be used to pay for already executed works, updating documents, and the development of working documentation for the first stage of the fifth launch complex of the object.

As reported, on February 11, 2015 representatives of PJSC Kyivvodokanal (Kyiv) and Japan International Cooperation Agency (JICA) said the signing of a loan agreement between the government of Ukraine and Japan as part of the reconstruction of Bortnychi aeration station is expected in early summer 2015.