05.06.2015
Belarus plans to launch pilot PPP project in mid 2016
MINSK (BelTA) – There are plans to launch a pilot project of public-private partnership (PPP) in Belarus in mid 2016, First Deputy Economy Minister of Belarus Alexander Zaborovsky told media on 5 June, BelTA has learned.
“The first $350-million project to build the M10 motorway will be started in mid 2016 in cooperation with the European Bank for Reconstruction and Development. The concept is ready. We are now busy with drafting documents, preparing a tender and attracting partners,” said Alexander Zaborovsky.
In his words, the second biggest project is the construction of the Beshenkovichi hydroelectric power plant on the Western Dvina, Vitebsk Oblast. “A total of seven long-term pilot projects have been submitted. They include road construction, healthcare, waste processing and small-scale renewable power generation. The fact that private business shows interest in these projects proves that investors, both domestic and foreign, have a clear understanding that the country will be sustainably developing as the projects are designed for the next 10-20 years,” he said.
On 5 June Minsk played host to a meeting of the Interdepartmental Infrastructure Coordination Council that considered pilot PPP projects in Belarus. The council was set up in May 2014. Its major goal is the development of proposals for creating legal, economic and information conditions favorable for private capital raising for the implementation of PPP infrastructure projects.
Public-private partnership is a model of cooperation between the state and business. It helps implement socially important projects with the help of innovations, capital and resources of private business.
“The first $350-million project to build the M10 motorway will be started in mid 2016 in cooperation with the European Bank for Reconstruction and Development. The concept is ready. We are now busy with drafting documents, preparing a tender and attracting partners,” said Alexander Zaborovsky.
In his words, the second biggest project is the construction of the Beshenkovichi hydroelectric power plant on the Western Dvina, Vitebsk Oblast. “A total of seven long-term pilot projects have been submitted. They include road construction, healthcare, waste processing and small-scale renewable power generation. The fact that private business shows interest in these projects proves that investors, both domestic and foreign, have a clear understanding that the country will be sustainably developing as the projects are designed for the next 10-20 years,” he said.
On 5 June Minsk played host to a meeting of the Interdepartmental Infrastructure Coordination Council that considered pilot PPP projects in Belarus. The council was set up in May 2014. Its major goal is the development of proposals for creating legal, economic and information conditions favorable for private capital raising for the implementation of PPP infrastructure projects.
Public-private partnership is a model of cooperation between the state and business. It helps implement socially important projects with the help of innovations, capital and resources of private business.