It is planned to attract at least $1 billion in Chinese investment for the creation of the China-Belarus Industrial Park

August 9, Minsk / Olga Belyavskaya - BELTA /. At least $1 billion of direct Chinese investments are planned to be attracted for the creation of the Chinese-Belarusian industrial park in Belarus. This was announced today to journalists by the Deputy Prime Minister of Belarus Anatoly Tozik, BELTA correspondent reports.

The issue of developing cooperation between Belarus and China was considered today at a meeting of the Presidium of the Council of Ministers.

The Vice-Premier noted that the project will require significant foreign investment. This volume is estimated from $1 billion to $1.5 billion. A significant part of these funds will go to the creation of infrastructure for the future Chinese-Belarusian industrial park. "In general, we plan to attract at least $1 billion of direct Chinese investments for the creation of this facility," Anatoly Tozik emphasized.

He added that an intergovernmental agreement on the joint development of the Chinese-Belarusian industrial park is planned to be signed in September. This will be one of the largest projects to attract direct Chinese investment.

Anatoly Tozik also recalled that with the involvement of Chinese capital, the construction of the "Lebyazhy" residential complex has begun in Minsk. Investments in this facility are estimated at $200 million. This year, it is also planned to start the construction of a 5-star hotel complex in Belarus with the involvement of direct Chinese investments in the amount of $150-200 million. In addition, the construction of a multi-profile information, trade and business center "Chaynataun" in Belarus with the participation of a consortium of Chinese companies is planned, for which $300-350 million from China is planned to be attracted.

The Vice-Premier emphasized that documents are currently being prepared to create the most favorable conditions for the successful implementation of all these projects. -0-