Business news

Total investments in China-Belarus industrial park Great Stone past $670m

An archive photo

MINSK, 15 June (BelTA) – The total volume of investments in the China-Belarus industrial park Great Stone exceeds $670 million, BelTA learned from Head of the Administration of the China-Belarus Industrial Park Great Stone Aleksandr Yaroshenko at a press conference on 15 June.

The official said that at present 70 resident companies from 13 countries actively invest their financial resources. Their industrial output stands at Br233.5 million. The industrial park development company invests in the park’s territory. As for the state budget’s investments, Belarus has invested about $31 million in the park.

In his words, one ruble of investments comes with nine rubles of infrastructure investments while the ratio is only 1:2 in international practice.

In turn, First Deputy Director General of SZAO Industrial Park Development Company Kirill Koroteyev noted that the company had invested $270 million in the park, including about $240 million in the park’s infrastructure. The People’s Republic of China has also provided $50 million in technical aid. Most of it was poured into the engineering and transport infrastructure. “It indicates that our sources are very differentiated. The state budget’s involvement is minimal,” he stressed.

print version

make home page

add to bookmarks