/ / News
06.04.2012

Lukashenko: Investment project at Osipovichi Carriage Works should be completed in time

OSIPOVICHI, 6 April (BelTA) – During a working trip to Mogilev Oblast on 6 April, President of the Republic of Belarus Alexander Lukashenko has demanded that the investment project at Osipovichi Carriage Works should be implemented in time, BelTA has learnt.

“The decisions that were made should be fulfilled faultlessly. You should hasten the investor and let him know what will happen if he fails to meet the deadline. In other things, you should support and help him. He is not a stranger here,” the head of state said.

The President was talking about the instructions he gave during the working trip to Osipovichi in July 2011. Back then, Alexander Lukashenko ordered to build a production facility together with ZAO GrandExpress that will annually make 2,500 freight cars that are not produced by Mogilev Carriage Works and 2,000 tank containers. The new production facility at Osipovichi Carriage Works is supposed to reach its designed capacity by 31 December this year.

The first stage of the project has almost been concluded. It envisaged the construction of the production facility. The necessary equipment should be brought and installed there within a year. The investment agreement between Belarus and ZAO GrandExpress is estimated at over $130 million. About $117 million has already been utilized.

Chairman of the State Control Committee of Belarus Alexander Yakobson and Vice Premier Anatoly Kalinin expressed concern over the progress in implementing the second stage of the investment project, because the supply and installation of the equipment lag behind the schedule.

At the same time, Alexander Yakobson expressed confidence that the project will be implemented as planned. “I am absolutely sure that the plant will be constructed. This is what matters most,” he said.