Belarus benefit from Chinese backing

Work on a key road project in Belarus is being financed by Chinese sources.
February 28, 2012 Read time: 1 min
Work on a key road project in Belarus is being financed by Chinese sources. An agreement between the Belarus Government and China's Exim Bank has been made over the Zhlobin-Gomel road. Under the terms of the agreement, the Exim Bank will provide a package loans worth some US$1.06 billion that will be used to fund improvements and upgrades to the road that will increase capacity and safety standards.

Related Content

  • Road construction stimulus for Australia
    July 8, 2020
    A road construction stimulus package is planned for Australia.
    Read More
  • Burundi’s bridge lifeline project
    April 23, 2025
    Burundi’s new road bridge project will provide a key lifeline.
    Read More
  • Serbia road funding being delivered
    January 3, 2017
    A loan of €178 million will pay for the Surcin-Obrenovac highway project in Serbia. The loan for the work is being provided by China’s Export-Import Bank. The financing deal has been agreed between the Serbian Government and the Chinese bank. When Chinese sources deliver funding for road projects, a usual stipulation of the agreement is that the main contracting work should be carried out by a Chinese firm. However, the names of the company or companies that will be involved in the road construction have ye
    Read More
  • Funding for Belarus road project
    May 18, 2016
    Funding for a key project in Belarus could be supplied by the European Bank of Reconstruction and Development (EBRD). Financing is required for the reconstruction of the M10 highway in Belarus, which runs from Kobrin through Gomel to the Russian border. The EBRD will consider options once the results of the tender have been revealed. The private sector looks likely to take part in the project, which is conceived as a PPP scheme, the first for Belarus. The project will be handled under the concession mode
    Read More

Highlighted Content