Belarusian People’s Congress

Belarus' new five-year investment plan estimated at Br200bn

MINSK, 12 February (BelTA) – Belarus needs to invest in its development some Br200bn within the next five years, Belarusian Prime Minister Roman Golovchenko said at the 6th Belarusian People's Congress on 12 February, BelTA has learned.

“We need to constantly upgrade in order to keep the traditional markets and win new ones. We need to invest over Br200 billion within the next five years to reach the planned growth parameters. We have to earn this money, and partially get this sum through loans,” said Roman Golovchenko.

According to him, Belarus is working on a new comprehensive document, the National Infrastructure Plan, for the new investment cycle. “For the first time we have gathered all infrastructure needs for the five years into one document. As the head of the state instructed, we have developed a specific action plan envisaging resources, responsible executors and state programs. No chaos or disunity,” the head of government said.

The infrastructure plan includes some 1,000 projects with a total amount of resources exceeding Br28 billion. At least Br3.7 billion will be spent on social objects only: hospitals, schools, kindergartens, sport and recreation centers. A total of 175 projects worth Br7 billion will be carried out in the transport infrastructure sector. 233 more projects worth of Br13 billion are planned in the energy, housing and utilities, and waste management.

“There is still work to find sources of funding for the entire plan,” said Roman Golovchenko.

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