News

Belarus signs Chinese firm for projects worth $1bn

26 July 2013

Belarus has signed an agreement with a Chinese firm for joint construction projects totalling around $1bn over the next six years

Projects for China’s CITIC Construction could include a $70m photovoltaic power plant and a $60m facility at a Belarusian cement works to produce decorative slabs and artificial stone using Chinese technology.

CITIC has already built a number cement plants in the country, according to Belarusian news agency, BelTA.

Anatoly Nichkasov, minister of architecture and construction, said: “This general agreement will continue our cooperation.”

Other projects in the pipeline include residential scheme using energy saving technologies.

“The volume of promising projects is about $1 billion. But these projects need to be fine-tuned,” Nichkasov said.

The agreement was signed during an official visit of Belarus’ president to China.

Source: BelTA