Chinese-Belarusian Industrial Park to drive Minsk Oblast development
As posted in Belarusian Telegraph Agency
MINSK, 27 August (BelTA) – The creation of the Chinese-Belarusian Industrial Park near the town of Smolevichi will give an impetus to the development of Minsk Oblast and Belarus as a whole, said Boris Batura, Chairman of the Minsk Oblast Executive Committee, on 27 August when the registration certificate of the company in charge of developing the industrial park was presented to the founders.
The charter and the founding documents of the Belarusian-Chinese company were signed in the Economy Ministry on 27 August. The founders are OAO Horizon Holding Management Company, the Minsk Oblast Executive Committee, and China CAMC Engineering Co., Ltd. (CAMCE).
Boris Batura stressed he had no doubts the project will be a success. “The experience of China in this area is very important for us. We hope that the Chinese-Belarusian Industrial Park will welcome not only major Chinese companies but also European corporations. We are proud that the first CIS project of the kind will be implemented in Minsk Oblast,” he said. The Minsk Oblast administration will do their best to provide assistance, he said.
In turn, CAMCE Director General Luo Yan said she was confident that joint cooperation had a great future. The Chinese-Belarusian Industrial Park will become the platform to develop the latest technologies and will also provide services. Preparation of the general layout of the park has begun to be completed within months. After all the necessary papers on town planning are adopted, a detailed plan to complete the first stage of the construction work will be passed.
Miss Luo Yan remarked that CAMCE has been working in Belarus for years. The construction of the factory to make bleached pulp with the output capacity of 400,000 tonnes per annum is one of its largest projects. A loan from the Export-Import Bank of China will be spent on building the factory.
Ambassador of China to Belarus Gong Jianwei said that Belarus-China cooperation had been rising since when the diplomatic relations were established. It has been particularly vibrant since 2005, over 20 major projects are being implemented, credit lines are open for Belarus, with commercial and preferential loans issued.
Gong Jianwei said: “The industrial park is one of the largest of our projects that will be implemented for 30 years. It is significant for the promotion of the bilateral relations because we are making the transition from simple work experience to more complicated experience. Not only Belarusian and Chinese investments are involved, but also third countries take part in it”.
In his words, the Chinese car manufacturer Geely has also expressed its interest in the project.
The Chinese-Belarusian Industrial Park is an administrative-territorial entity at least 80 km2 large with special legal treatment for the sake of enabling comfortable business conditions and investment attractiveness. There are plans to place manufacturing and logistics zones in the park, housing and office premises, financial and research centers. The investments are expected to be close to $6 billion.
The Chinese-Belarusian Industrial Park will focus on developing fine chemistry, biotechnology, electronics, mechanical engineering, and new materials. The park is expected to promote high-tech and competitive enterprises, attract foreign corporations with famous world brands and modern management.
Taking into account China’s experience of creating and developing complex economic zones, the Chinese-Belarusian Industrial Park will be created following the example of the Chinese-Singaporean industrial park in the city of Suzhou. It was a successful project implemented as part of China’s interstate cooperation with the government of Singapore.