Business news

MINSK, 21 July (BelTA) – Belarus and the World Bank have set the tasks required to implement agreements on further cooperation. The relevant arrangements were made during the meeting of Deputy Prime Minister Anatoly Kalinin and World Bank Country Manager for Belarus Young Chul Kim, the press service of the Belarusian government told BelTA.

During the meeting Young Chul Kim mentioned the Belarusian government’s tight cooperation with the World Bank. He also underlined the high quality of the construction work performed by Belarusian specialists in the final section of the M5 Minsk-Gomel motorway, which had been reconstructed with assistance of the World Bank.

The sides discussed aspects of implementing projects in the area of transport, housing and utility services which are financed at the expense of World Bank loans. The number includes modernization of the M6 Minsk-Grodno motorway, solid municipal waste processing, and the development of water supply and water treatment systems.

Close attention was paid to preparations for the active phase of the project designed to reconstruct the M6 Minsk-Grodno motorway. The government has instructed subordinate organizations to start working on the project in July 2016.

Participants of the meeting also discussed prospects of further interaction during the implementation of infrastructure projects in the Republic of Belarus, including with assistance of financial institutions of the European Union.

The implementation of new programs in the area of housing and utility services was mentioned. Emphasis was laid on the Belarusian government’s proposals for the World Bank to finance projects for building deferrization stations, for switching Minsk to underground water sources, for setting up enterprises to make alternative fuel out of solid municipal waste, and for converting boiler houses to locally available fuels.