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16 November 2022, 17:14

PM: Gomselmash project will be first in line for financing under Russian credit line

GOMEL, 16 November (BelTA) - The import substitution project at Gomselmash will be first in line for financing under the Russian credit line, Belarusian Prime Minister Roman Golovchenko told reporters, BelTA has learned.

"Most likely it will be Gomselmash, its technical re-equipment and modernization project that will get financing first within the framework of the loan extended by the Russian Federation. I am talking about the loan in the amount of RUB105 billion. The appropriate agreement was signed by the finance ministers today, 16 November. Thus, the issue with the source of financing is closed. Under this agreement, all projects that we previously planned will be financed. The data sheets of some of them have already been agreed with Russian colleagues. Work is in progress on the rest of them," said Roman Golovchenko.

Touring Gomselmash today, the prime minister instructed to complete the business plan and the project data sheet before the end of this year. "So that we can start using the loan," he stressed.

The project is about the launch of the production of import-substituting sophisticated technical units for Belarusian and Russian manufacturers of agricultural machinery at Gomselmash.

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