Klitschko announced the results of negotiations in Tokyo

“In the framework of 2014-15 Kyoto Protocol we have refurbished 120 cars. This allowed to extend their service lifetime by 20 years and save up to 40 percent of electricity. Itochu is ready to continue the cooperation and fully modernize another 10 cars at the expense of other projects, the funds for which were by the intergovernmental agreement between Ukraine and Japan and which for various reasons have not been implemented in Ukraine,” said Vitalii Klitschko after a meeting with the management of Itochu corporation in Tokyo. According to him, the modernization of subway cars would amount to 265.4 million dollars. The total amount of unused funds is about 960.4 million dollars.

“I hope we will agree upon this issue with our government, because we want to have these 10 cars upgraded within the ‘green investments’ program,” continued Klitschko.

Kyiv Mayor said that in 2016 the main contractor – PJSC “Kriukiv Train Car Factory” has received another 15 cars to refurbish in the third phase of the modernization according to the Kyoto Protocol.

The press service of Kyiv Mayor Vitalii Klitschko has also announced that Itochu is interested to cooperate with Kyiv in several new projects, including modernization of garbage incineration plant “Energy” and building a new incineration plant that would not only recycle waste, but produce energy.

Itochu has also expressed interest in subway construction in Kyiv. According to Itochu management, the corporation’s specialists are en route to Kyiv in order to examine the possibilities of future projects.

During his visit to Tokyo, Klitschko is also going to meet the representatives of Marubeni and Hitachi corporations.

In the first phase of complex modernization of Kyiv subway cars using the funds received by Ukraine under the Kyoto Protocol, the Kriukiv factory in collaboration with Itochu has modernized 95 cars; the expenses for that project have surpassed one billion dollars. In 2015, another 25 cars were refurbished under the project’s second phase.