Belarusian Railways has announced that it intends to use Chinese loans backed by government guarantees for railway projects, in particular for the electrification of the section Molodechno – Gudogai – the state border, .belta.by reports. The credit could come from the Export-Import Bank of China.
The loan for the electrification project could amount to $76.4 million (68 million euros). Apart from that, Belarusian Railways intends to use a total of $99.4 million (88 million euros) in two loans to renew the rolling stock by acquiring 18 electric locomotives.
The relevant credit contracts are being prepared for signing.