Japan offers Romania $221m

The Japanese Government grants Romania a loan worth about $221 million to modernise the Bucharest-Constanta railway, more precisely the Bucharest-Baneasa and Fetesti-Constanta sections.

The Japanese ambassador in Bucharest, Hidekata Mitsuhashi, on Monday handed Foreign minister Mircea Geoana the official note concerning the credit, which is the second of this kind ever granted by Tokyo to Romania.

The loan is part of the “Official Development Aid” Japan grants developing countries. According to the Embassy of Japan, this project will help Romania in its efforts to modernise infrastructure, which is highly important to the economy and EU accession. Mediafax