Japan to Assist Ukraine in Realization of Investment Projects

KIEV, Ukraine -- On request of the Japanese Embassy to Ukraine a meeting was staged between Minister for Transport and Communication Yevheni Chervonenko and Japanese Ambassador to Ukraine Kishichiro Amae.

Kishichiro Amae informed the Ukrainian Minister about Japan's readiness to assist Ukraine in realization of joint projects within the framework of economic cooperation with Ukraine and about the Japanese Government's decision to grant a credit to the tune of $170 million for the reconstruction of the state-run International Air Port Boryspil.

Yevheni Chervnonenko noted a great significance of this event, as the first Ukrainian-Japanese project in the transport sphere, and informed the Japanese diplomat that all documents for signing a Credit agreement between the Ukrainian Cabinet and the Japanese International Cooperation Bank to finance development of the state-run International Air Port Boryspil will be submitted to Japan in the near future for studying and signing.

Kishichiro Amae suggested to the Ukrainian party to sign an agreement during President Viktor Yushchenko visit to Japan in the first half of 2005.

During the meeting the parties also discussed a possibility for Japanese companies to make investments in the Ukrainian railroad transport modernization and renewal of its rolling stock; construction of highway junctures for railroad-automobile bridge across the Dnieper River in Kyiv; completing construction of the Kyiv-Odesa highway and a joint construction of a new deep-water container port.