China Exim Bank to issue $48.3m loan for Minsk-Severnaya renovation project

20 August 2015

MINSK (BelTA) - The Export-Import Bank of China (China Exim Bank) will issue a loan worth $48.3 million for the renovation of the Minsk-Severnaya substation, BelTA learned from the press service of the Belarusian Finance Ministry.

The press service said that China Exim Bank will administer a ten-year preferential buyer's credit worth $48.3 million for the implementation of the investment project to renovate the 330/110/10 kV substation Minsk-Severnaya with 110 kV high-voltage line located in Minsk District, Minsk Oblast.

The relevant loan agreement was singed by the Belarusian Finance Ministry and China Exim Bank in Beijing during the first session of the trade and economic cooperation commission of the Belarus-China intergovernmental committee on cooperation.

Ministry of Foreign Affairs of the Republic of Belarus