OREANDA-NEWS. September 09, 2010. Dates for completing procedures, which are required for implementing current and future Belarusian-Chinese investment projects have been specified. The dates are laid down by Council of Ministers resolution No 1260.

The new document has amended Council of Ministers resolution No 1053 “Organization of work for cooperation with the People’s Republic of China” of 14 July 2010.

Feasibility studies for current investment projects are supposed to be completed by 13 September 2010, with the aid of the Economy Ministry and the Finance Ministry and taking into account China’s current lending terms.

A Chinese general contract is supposed to be chosen and the relevant general contractor contract is supposed to be signed on 17 September. By this day the Economy Ministry and the Finance Ministry will have discussed business plans and will have prepared conclusions regarding investment projects. The Foreign Exchange and Credit Commission of the Council of Ministers is supposed to give the Belarusian government’s approval of the investment projects so that a request for credit resources would be sent to Chinese banks. The Finance Ministry is supposed to send the request to the Chinese banks on 24 September.

As far as promising investment projects with China are concerned, business plans for them should be ready by 15 October 2010. The tender to choose a Chinese general contractor will be held on 1 November 2010, with the relevant general contract to be signed on the same day. Dates for making decisions of the Foreign Exchange and Credit Commission of the Council of Ministers and for sending loan requests to Chinese banks have been specified, too.