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06 May 2022, 13:13

Lukashenko demands to fast-track Northern Waterfront project in Minsk

MINSK, 6 May (BelTA) – Belarusian President Aleksandr Lukashenko demanded to expedite the implementation of the project to construct the Northern Waterfront experimental multifunctional complex in Minsk as he heard out a report on the development of the capital city on 6 May, BelTA has learned.

“You understand that if this object was under construction, we would not even have enough construction capacity in Minsk to build it. We have to accelerate it. It is a very profitable project for us,” stressed the Belarusian leader.

According to Minsk Mayor Vladimir Kukharev, the project envisages some Br10 billion in investments.

“At that time it was $4 billion. This is a huge project. We can involve all our builders for up to five years,” said Aleksandr Lukashenko.

As BelTA reported earlier, an investment agreement on the construction of the Northern Waterfront complex was signed in June 2021.

Under President's Decree No. 186 “On the implementation of an investment project in Minsk” the Minsk City Hall was authorized to conclude an agreement on the construction of the complex with Riverside Development Holdings Limited.

The complex will be built within the boundaries of the Minsk Ring Road, Pobeditelei Avenue, Orlovskaya Street and Tsnyanskoye Reservoir. The project will cost $4 billion. The complex will include residential buildings with all the necessary engineering and transport infrastructure, social facilities and public facilities with a total area of ​​more than six million square meters. The complex will also feature the International Exhibition Center, the Institute of Artificial Intelligence, the Minsk World Trade Center. The investment project will be implemented in 2021-2040.

Minsk Mayor Vladimir Kukharev said to journalists after the meeting with the head of state that the project to build the Northern Waterfront has already begun. Preparations for the construction stage are underway. “We plan that according to the agreements the construction works will soon kick off. The first stage - the construction of the International Exhibition Center - is underway. All necessary documents have been submitted to the investor by the Minsk City Hall," said Vladimir Kukharev.

In his words, the local authorities are ready to provide any necessary assistance to the Belarusian design and construction organizations that will participate in the project.

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