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21 January 2022, 17:41

China-Belarus industrial park chief: Government's direct investment paid back

An archive photo
An archive photo

MINSK, 21 January (BelTA) – Head of the Administration of the China-Belarus Industrial Park Great Stone Aleksandr Yaroshenko spoke about the infrastructure development in the Great Stone park as part of the V teme [On point] online project on BelTA's YouTube channel, BelTA has learned.

According to him, the commercial aspect is one of the main factors of a project. The Great Stone park was created almost from scratch. By now, 60 buildings have been constructed on its territory, the necessary infrastructure has been created, which is a very important contributor to the dynamic development of the park. After all, in order to get something, you need to invest something first. The first investors were the governments of Belarus and China. Our country has already injected more than $34 million of budgetary funds into this project. This is a significant amount for our economy. At the same time, the direct investment of the state has already paid back. The industrial park project has also generated such indirect effects as jobs, production facilities, participation in the economy,” Aleksandr Yaroshenko explained.

“If we look at the investment in this project, a total of more than $720 million has already been spent by all resident companies, the governments of the two countries, and so on. Every Br1 of Belarus' budgetary funds was enhanced by Br8 from other sources during the creation of infrastructure. Good infrastructure is one of the determinants of the success of this project. The infrastructure includes over 30 km of roads and more than 300 km of underground communications. The park promotion company is in charge of developing this area and preparing a land plot for construction of production facilities by investors. This is very important because investors do not have to spend their money on it. They receive a land plot with all the necessary communications and infrastructure. Infrastructure was built on 855 hectares of land at the first stage of the project,” the head of the park administration noted.

In addition, best practices of Chinese partners were taken on board while developing the Great Stone park. “Small and medium-sized businesses that do not need to build their own facilities have an opportunity to rent space in standard production facilities. Such companies can launch production in a few days or months; all they need is just to bring and mount equipment. This is very convenient for a business that may not have significant financial resources, but has mobility, the ability to quickly launch production. We have already built nine such buildings. Almost 85,000 square meters of production space is in demand and is already utilized or booked for many of our projects,” Aleksandr Yaroshenko added.

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