Monday, 25 January 2010

Japanese Itochu corporation wants to construct subway in Kyiv

The Itochu Corporation (Japan) wants to construct the subway in Kyiv. Ukrainian News learned this from the press service of Valerii Myronov, the deputy head of the Kyiv city state administration.Representatives of the Kyiv city state administration met with a delegation of the Japanese corporation in the building of the city state administration."It has been decided that the municipal company Kyivskyi Metropoliten [running the Kyiv subway] to provide in the near future basic data on the construction of the fourth line [Podilska-Vyhurivska] to the Japanese side," reads the statement.During the meeting, the delegation of the Itochu Corporation said they wanted to supply subway cars to the municipal company Kyivskyi Metropoliten on the terms of financial leasing.As Ukrainian News earlier reported, the Ukrainian Ministry of Transport and Communications, the Sumitomo Corporation and the Itochu Corporation (both are located in Japan) in March 2009 arranged cooperation in developing Ukrainian transport infrastructure.In particular, the Transport and Communications Ministry signed a memo with Itochu on the latter's participation in constructing railway connection between Kyiv and Boryspil (Kyiv region). The terms of cooperation will be determined by a tender.The sides have agreed to create a joint ad hoc expert group of carrying out the project.Itochu leads a corporate group of 1,090 fully integrated subsidiaries and affiliates worldwide.Itochu is comprised of seven large companies working in various sectors of the industry.

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