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China to extend Belarus $19.55m loan to reconstruct 220kV Stolbtsy substation

MINSK, 25 June (BelTA) - Belarus will attract a soft buyer credit from the Exim Bank of China in 2021-2024, reads Resolution No.355 of the Council of Ministers of Belarus of 23 June 2021, which was officially published today on the National Legal Internet portal on 25 June, BelTA has learned.

A loan of $19.55 million will be provided for nine years for the investment project "Reconstruction of substation 220kV Stolbtsy to increase the voltage to 330kV and the construction of high voltage line 330kV Stolbtsy - Baranovichi" (the third and fourth phases).

The Finance Ministry has been authorized to negotiate the draft loan agreement and sign the document.

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