MINSK, 18 May (BelTA) – In 2017-2021 Belarus will attract $150 million of Chinese loans for the implementation of two investment projects. The decision is laid down by the Council of Ministers' executive order No.349 of 12 May 2017, which was published on the national legal internet portal on 18 May, BelTA has learned.
The Council of Ministers decided on attracting 15-year preferential buyer's loans of the Export and Import Bank of China in 2017-2021 for the implementation of the investment projects “Organization of the production of hydrostatic transmissions, products of industrial hydraulics” ($71.8 million) and “Organization of the production of modern pneumo- and hydrocylinders, precision-built chrome-plated rods and pipes” ($78.9 million).
The Finance Ministry of Belarus has been authorized to hold talks with China regarding the loans. The ministry has the right to introduce minor amendments or additions to the agreements.
The executive order takes effect on the day of its adoption.
