Belarus Development Bank announces contest to build/reconstruct dairy farms
<p> MINSK, Mar 3 - PrimePress. Belarus Development Bank has announced a contest of investment projects for the construction or renovation of dairy farms, with state support to be provided to the borrowers. The successful applicants will be able to claim for budgetary transfers of up to 25% of the project capital costs, the bank’s press service informed. </p> <p> </p> <p> The Development Bank offers loans of up to 85% of investment costs including VAT and up to 100% of capital costs including VAT for up to 15 years at the refinancing rate of the National Bank (7.75% per annum). Deferral of repayment of the principal debt - no more than one year after the dairy farm’s launch date. Instalment of interest payment - in the amount of half of the refinancing rate for the period until the design capacity is reached, but no later than one year after the dairy farm’s launch date. </p> <p> </p> <p> State support will be provided in the form of targeted budget transfers amounting to 25% of the project's capital cost excluding VAT and will be used to repay the Development Bank loan. This includes: 15% of the cost of capital expenditure excluding VAT - lump sum upon commissioning of the facility; 10% of the cost of capital expenditure excluding VAT - lump sum upon the fairy farm’s reaching its design capacity. </p> <p> </p> <p> Bids will be accepted from 9 March to 12 May 2021. End </p>
2021-03-04
Primepress
Belarus Development Bank announces contest to build/reconstruct dairy farms
MINSK, Mar 3 - PrimePress. Belarus Development Bank has announced a contest of investment projects for the construction or renovation of dairy farms, with state support to be provided to the borrowers. The successful applicants will be able to claim for budgetary transfers of up to 25% of the project capital costs, the bank’s press service informed.
The Development Bank offers loans of up to 85% of investment costs including VAT and up to 100% of capital costs including VAT for up to 15 years at the refinancing rate of the National Bank (7.75% per annum). Deferral of repayment of the principal debt - no more than one year after the dairy farm’s launch date. Instalment of interest payment - in the amount of half of the refinancing rate for the period until the design capacity is reached, but no later than one year after the dairy farm’s launch date.
State support will be provided in the form of targeted budget transfers amounting to 25% of the project's capital cost excluding VAT and will be used to repay the Development Bank loan. This includes: 15% of the cost of capital expenditure excluding VAT - lump sum upon commissioning of the facility; 10% of the cost of capital expenditure excluding VAT - lump sum upon the fairy farm’s reaching its design capacity.
Bids will be accepted from 9 March to 12 May 2021. End