Belarusian President Alexander Lukashenko has approved the project that stipulates the foundation of carriage-building plant in Osipovichi. The project will be carried out by the Belarusian Railways and Russia's Grant-Express CJSC.
According to representatives of the Russian company, the new plant can be commissioned in two years. The payback period of the project will be from six to eight years. The plant is expected to annually produce 2,000 tanks, 2,500 cargo carriages and repair 1,500 carriages, the source added. The business plan of the venture will be ready by December, 2007.