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CDB to lend $1.5bn for Chinese-Belarusian Industrial Park

China Development Bank intends to lend up to $1.5 billion to finance the project to create the Chinese-Belarusian Industrial Park, BelTA learned from the Public Relations Office of the Belarusian Economy Ministry.

A framework agreement on financing the construction of the Chinese-Belarusian Industrial Park was signed by the Belarusian Economy Ministry, China Development Bank, and SZAO Industrial Park Development Company in Beijing. A framework agreement on cooperation in consulting was signed by China Development Bank and OAO Development Bank of the Republic of Belarus in Beijing, too.

The documents were inked during the forum held in Beijing on 17-18 January to discuss the creation and management of industrial parks. The Belarusian delegation was led by Mr Dmitry Golukhov, Deputy Economy Minister of Belarus. The event was arranged as part of the implementation of the agreement reached at the meeting of Vice Premier of Belarus Mr Anatoly Tozik and Mr Li Jiping, Vice President of China Development Bank, in Minsk in August 2012.

The sides shared their experience of planning, developing, financing, and managing industrial zones and technological clusters of China at the forum. The forum participants visited the Beijing economic and technical development zone Beijing E-Town and its administration. The Belarusian side made a presentation of the country’s investment climate and opportunities the Chinese-Belarusian Industrial Park in Minsk Oblast will offer.