No delays for major construction projects in Minsk
MINSK, June 11 (BelTA) – President of Belarus Alexander Lukashenko urged to avoid delays in major construction projects in Minsk’s downtown. The President outlined the goal as he got familiar with plans for developing the Belarusian capital city on June 11, BelTA has learnt.
The President was made familiar with projects for developing two sites in the centre of Minsk. There are plans to build office and residential premises, shopping and commercial facilities as well as a five-star hotel in areas close to Maxim Bogdanovich Street and Yanka Kupala Street near the River Svisloch. There are plans to erect office and residential buildings in areas close to Krasnoarmeyskaya Street and Pervomayskaya Street near the River Svisloch. The investors are the General State Reserve Fund of the Sultanate of Oman. The investors plan to put around $550 million into implementing the projects. The investors have assured the head of state that the new buildings will make an integral part of the city without damaging its layout.
The President approved plans for the development of these territories as a whole and gave an instruction to polish their financial and economic substantiation and land plot allocation terms. “We will negotiate only on market terms. We will keep in mind the average European price,” said Alexander Lukashenko. The President pointed out that the investor is going to get huge areas not just in a capital city but the centre of Europe. He also added that the construction should not last longer than five years.
The President demanded that means should be concentrated on building major objects and the pace should be accelerated in order to avoid creating multiple unfinished facilities.
The head of state also drew attention to the development of Pobeditelei Avenue, in particular, the construction of the National Olympic Committee HQ. The President gave an instruction to build the facilities on time. Otherwise, the land plots will be handed over to another investor. Alexander Lukashenko underscored that at present many are willing to invest in construction projects in Minsk.
