[Cancelled] China Eximbank provides $600 million loan for Minsk National Airport Reconstruction Project (Linked to Project ID#42199 and #42214)

In October 2010, China Eximbank signed a $600 million USD loan agreement with the Government of Belarus to cover reconstruction of the terminal at Minsk National airport (Minsk-2), as well as construction of an international passenger transit terminal, upgrade security, and build a second runway. In June 2011, Belarusian President Alexander Lukashenko approved the investment project to reconstruct National Airport Minsk in 2011-2014. The president signed relevant ordinance #223 dated June 2, 2011. China National Precision Machinery Import & Export Corporation will act as the general contractor to design, construct and reconstruct property, engineering and transport infrastructure. The Chinese company will procure commodities for the construction, reconstruction and equippinig of the airport. In 2013, the Chinese contractor recalculated costs to be $1 billion causing a disruption in the agreement. According to the Office of the President source, the Government of Belarus rejected the China National Precision Machinery Import & Export Corporation bid and completed the project with Belarusian contractors on March 3, 2019. Chinese funding to this project was cancelled.

Additional details

The Russian project title is проекта по реконструкции Национального аэропорта Минск. This project was initially signed as part of a $5.7 billion, long-term line of credit from China Eximbank (captured in Project #42219). Additional financing came from $1 billion credit line (captured in Project ID#42214).

Number of official sources

2

Number of total sources

7