Japan to give Ukraine 108 billion yen for modernization of aeration station

According to Natalie Yaresko, the Minister of Finance of Ukraine, after signing the agreement on the modernization of the Bortnychi aeration station, Japan will provide 108 billion yen, Joinfo.ua reports.

"The total amount of funding under this agreement amounts to 108 billion yen, but it should also be noted that the support of Japan to Ukraine goes far beyond just environmental issues. This loan is a part of a larger financial package aimed at overcoming the crisis," Yaresko said.

According to her, the loan for the project of modernization of the Bortnychi aeration station will enhance the quality of life of 3 million citizens of Ukraine. It is supposed to modernize the obsolete facilities the Bortnychi aeration station with the new aeration systems.

Yaresko added that the loan would be granted for 40 years at 0.1%. "40 years, 0.1% interest. Very low interest rates. This is an investment loan, but it is very attractive to Ukraine," she said.

Earlier, the Government of Japan provided Ukraine with a loan for normalization of the economic system in the amount of 1.5 billion dollars.