Economy

Belarus’ Newly Concluded Contracts in Venezuela Estimated $5bln

Belarusian companies will be actively involved into construction all around Venezuela.

Belarus and Venezuela signed contracts worth a total of $5bln during Aliaksandr Lukashenka's visit to Caracas earlier this week.

A Belarusian company is to construct a 600-megawatt power plant in Venezuela's Santa Ines industrial zone. The project is estimated at $1.28bln. Construction of a 260-kilometer gas pipeline linking the cities of Barinas and Barquisimeto — that will cost $300 million — will also become a large piece for Belarusian party.

Apart from this, Belarus intends to build more ‘agro-towns’ in Venezuela, First Deputy PM Uladzimir Siamashka said. Such projects involve housing and dairy and poultry farms construction.

In addition, Belarus is to build a $300mln house prefabrication plant in Venezuela and supply 800 tractors to the South American country.

Other nascent projects include the joint manufacture of oil production and prospecting equipment and the development of phosphorite deposits.

“Our joint projects have been implemented successfully. Three plants — a tractor plant, a truck plant and Latin America's largest brickyard — have been constructed. Housing is being built here, we are now building in Caracas a 10,000-apartment housing estate, the project is estimated at $1,082mln,” Mr. Siamashka reported.

He also announced that a plant assembling Belarusian road construction and urban maintenance machinery would be completed in Venezuela by the end of April 2013.

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