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Eurasian Development Bank to finance construction of plant at Osipovichi

Eurasian Development Bank will finance construction of Osipovichi carriage-building plant. It is one more project for EDB to participate; it has already financed construction of Polotsk hydropower station.

According to the agreement signed on 20 April EDB will give $63.5 mln credit for a 8-year period. The money will be spent for construction of the plant and purchasing necessary equipment. The total capital expenditure for plant’s construction is $130 mln. Thus, the rest sum of money will be granted by the Russian company CJSC “Grand Express” that holds 74% of stocks, and the Belarusian Railway.

The plant will produce cargo railway carriages and tank-containers.

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