China Construction Bank Corporation is set to open credit lines for Belarus. The loan is provided under the investment project and amounts up to 1 billion dollars, the Belarus Ministry of Finance says citing a memorandum of understanding.
The document stipulates allocation of up to 1 billion dollars in loans for a period of 15 years, including 5-year grace period. The guarantee comes from the government of Belarus.
The monies received will be granted for investment projects in Belarus and cover transport, energy, industry, small and medium-sized businesses.