You're reading: Boryspil airport plans to repay Hr 3.6 billion of debt to JBIC before 2032

State-owned enterprise (SOE) Boryspil International Airport (Kyiv region) plans to repay Hr 3.6 billion of debt under a state-secured loan of the Japan Bank for International Cooperation (JBIC) received 10 years ago to build Terminal D in accordance with the issue terms.

“It remains for us to pay the Japanese bank  Hr 3.6 billion at the current hryvnia exchange rate, which was attracted to build Terminal D. We paid about 20 percent,” Deputy Director General for Economics and Finance of the Boryspil airport Kyrylo Zvonarev said at a press conference at the airport on May 23.

According to him, the total amount of the loan at the current exchange rate is almost Hr 5 billion and approximately Hr 1.4 billion was paid. He also said that according to the payment plan, the airport will repay the loan before 2032.

“Twice a year we have to pay approximately Hr 150 million,” the deputy director said.

At the same time, Zvonarev expressed concern that setting a rate of transfer to the national budget of the company’s net profit at 90 percent could put at risk the repayment of the said loan.