EN
20 December 2012 - 10:08 AMT

China bank to grant $600mln loan to Belarus

The Export-Import Bank of China (Eximbank) will grant Belarus over $600 million in preferential loans towards the implementation of national infrastructural projects, the Belarusian government said Thursday, Dec 20, according to RIA Novosti.

Eximbank will provide Belarus $280.9 million to build a national satellite communications and broadcasting system, and $322 million for the reconstruction of the Minsk-Gomel highway.

The loans for the two investment projects will be provided for a 15-year term.