Belarus interested in Russia’s participation in construction of nitrogen plant, reconstruction of M1 motorway
<b> <p> </p> </b> <p> MINSK, Apr 2 - PrimePress. Belarus is interested in Russia’s participation in investment projects to build a new nitrogen complex at Grodno Azot and to rebuild the M1 motorway from the Russian border to Brest, Deputy chief of the Lukashenko Administration Dmitry Krutoy said on April 2 at a ceremony titled “Union State: Opening New Opportunities”. </p> <p> </p> <p> “In addition to the large-scale nuclear power plant project (Belarusian NPP – editor’s note), we invite our Russian colleagues to participate in such major investment projects as the construction of a nitrogen complex at Grodno Azot and the reconstruction of the Belarusian section of the M1 motorway," Prime reports citing Krutoy as saying. </p> <p> </p> <p> As previously reported, while meeting with Russian President Vladimir Putin on Feb 22, Belarusian president Alexander Lukashenko suggested Russia’s Gazprom should take part in modernizing nitrogen fertilizer producer Grodno Azot. </p> <p> </p> As previously reported, in 2014 the Belarusian government put up for sale a block of shares in Grodno Azot, with the following terms and conditions to be fulfilled by a potential investor: an initial payment of $414 million, investment of another $1.6-1.8 billion and an additional payment of at least $440 million to gain control of the plant. The potential investor also had to supply 2 billion cubic metres of gas annually to the mill. Gazprom abandoned the project because it believed the asset was overvalued. End
2021-04-03
Primepress
Belarus interested in Russia’s participation in construction of nitrogen plant, reconstruction of M1 motorway
MINSK, Apr 2 - PrimePress. Belarus is interested in Russia’s participation in investment projects to build a new nitrogen complex at Grodno Azot and to rebuild the M1 motorway from the Russian border to Brest, Deputy chief of the Lukashenko Administration Dmitry Krutoy said on April 2 at a ceremony titled “Union State: Opening New Opportunities”.
“In addition to the large-scale nuclear power plant project (Belarusian NPP – editor’s note), we invite our Russian colleagues to participate in such major investment projects as the construction of a nitrogen complex at Grodno Azot and the reconstruction of the Belarusian section of the M1 motorway," Prime reports citing Krutoy as saying.
As previously reported, while meeting with Russian President Vladimir Putin on Feb 22, Belarusian president Alexander Lukashenko suggested Russia’s Gazprom should take part in modernizing nitrogen fertilizer producer Grodno Azot.
As previously reported, in 2014 the Belarusian government put up for sale a block of shares in Grodno Azot, with the following terms and conditions to be fulfilled by a potential investor: an initial payment of $414 million, investment of another $1.6-1.8 billion and an additional payment of at least $440 million to gain control of the plant. The potential investor also had to supply 2 billion cubic metres of gas annually to the mill. Gazprom abandoned the project because it believed the asset was overvalued. End