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Host Country: Belarus |
Industry/Sector: Chemistry |
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Sponsor:Slavkaliy FLLC |
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Borrower: Slavkaliy FLLC |
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Total Investment: USD 1.7 bln |
Debt Amount: USD 1.4 bln |
Financing Terms: 15 years |
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Purpose of Financing: |
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Construction of the mining and processing complex with a capacity of 1.1 to 2.0 mln tons of potassium chloride on the basis of the Nezhinsky (Eastern part) plot of the Starobin potassium salt deposit. |
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Guarantee Structure: |
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Sinosure-covered loan under the Sovereign Guarantee of the Republic of Belarus |
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Participating Banks and Roles: |
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CDB (the Lender) is the world’s largest development finance institution and the largest Chinese bank for foreign investment and financing cooperation, long-term lending and bond issuance and Belarusbank (the Borrower) which is the oldest and the largest bank in the Republic of Belarus joined together efforts to start realization of the investment projects with the participation of China State Energy Engineering Corp., Ltd (SINOMEC), the largest comprehensive solutions providers for the power industry in China and globally and Slavkaliy FLLC, a resident of the Republic of Belarus, established by the English GCM GLOBAL ENERGY PLC in 2011. |
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Overview and Highlight of Project: |
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The key objective of Slavkaliy FLLC is the implementation of an investment project between the Republic of Belarus and GCM GLOBAL ENERGY PLC for the construction of the mining and processing complex with a capacity of 1.1 to 2.0 mln tons of potassium chloride on the basis of the Nezhinsky (Eastern part) plot of the Starobin potassium salt deposit. |
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Awards or Public Evaluation: |
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The realization of the project will lead to creation of approximately 2000 workplaces, construction of a branch railway line, station and about 240 apartments in the region. |
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Other Information: |
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Reasons for participation in the Award:
Certainly - the amount of the project. Realization of the project the amount of which is USD 1.4 bln being the unprecedented in the banking system of the Republic of Belarus.
Additionally – the branch of industry. Slavkaliy will become the second company in Belarus to mine potassium and sell it through the Belarusian Potassium Company.
Importantly – the related infrastructure. The construction of a potassium plant in will spur economic development of the region as it will create approximately 2000 workplaces, provide for the construction of a railway branch, a station and around 240 apartments in the capital of the region. |
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