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Belarus to Get $600 Mln in Loans from China

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The Export-Import Bank of China (Eximbank) will grant Belarus over $600 million in preferential loans towards the implementation of national infrastructural... 20.12.2012, Sputnik International

2012-12-20T09:25+0000

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Belarus to Get $600 Mln in Loans from China

09:25 GMT 20.12.2012

Belarus to Get $600 Mln Loans from China - Sputnik International

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The Export-Import Bank of China (Eximbank) will grant Belarus over $600 million in preferential loans towards the implementation of national infrastructural projects, the Belarusian government said on Thursday.

MINSK, December 20 (RIA Novosti) - The Export-Import Bank of China (Eximbank) will grant Belarus over $600 million in preferential loans towards the implementation of national infrastructural projects, the Belarusian government said on Thursday.

Eximbank will provide Belarus $280.9 million to build a national satellite communications and broadcasting system, and $322 million for the reconstruction of the Minsk-Gomel highway.

The agreements between the Belarusian government and Eximbank in Beijing on December 19.

The loans for the two investment projects will be provided for a 15-year term.