Government of Ukraine fulfilled core condition of the Japanese party to obtain a loan for the reconstruction of the BAS

On March 25, 2015, at its session the Government approved a draft order “On approval of the adjusted project “Reconstruction of sewage treatment facilities and construction of a production line for sewage-sludge treatment and utilization of the Bortnychy Aeration Station”. The abovementioned document contains principal technical and economic provisions of the adjusted project for the reconstruction of the Bortychy Aeration Station. It is one of the core conditions from the Government of Japan to provide a loan under the Official Development Assistance (ODA) program complying with STEP requirements to ensure realization of the project.

This decision is unprecedented not just for the capital but for the entire Ukraine. It will raise funds for the implementation of the project from the Japanese Government.

For Kyiv and nearby towns included into the sewage treatment system of the BAS, this decision is to ensure environmental security, rehabilitation of the Dnipro basin and facilitate the introduction of energy saving technologies. Thus, the Government and municipal authorities in collaboration have achieved the result, targeting to create comfortable life of the Kyivans and the security of future generations.

This decision was confirmed by signing a Protocol between the Ministry of Finance, the Ministry of Regional Development, the Ministry of Economy, Kyivvodokanal and the Japan International Cooperation Agency (JICA). Under the Protocol the loan amounts 108 billion yen for a period of 40 years under 0.1% per annum, a grace period 10 years.