The charter capital of the Closed Joint Stock Company Industrial Park Development Company, which is responsible for the infrastructure of the Great Stone Industrial Park, is set to be increased in the near future. It will rise to $250 million, First Deputy Director General Kirill Koroteyev said.
“The head of the park administration, Tatyana Kharlap, will soon join the board of directors. A board meeting will take place shortly, where we will adopt strategic decisions on the company’s development and increasing its capitalization. We plan to raise the charter capital to $250 million (currently $195 million). These are serious assets — few banks have such an amount. The company continues to develop and build up its financial strength. This is what we will focus on in cooperation with the administration,” Koroteyev was quoted as saying by BelTA.
He also said that agreements had been reached with a major railway terminal in the Chinese city of Xi’an.
“We have agreed on a framework for cooperation: after the Chinese New Year, we will exchange documents and begin practical work. This will strengthen the role of our port, making it a real element of the Silk Road — not just in words, but in practice,” he added.
A railway terminal with a capacity of 180,000 containers per year is currently under construction at the Great Stone Industrial Park. The project provides for expansion to 500,000 containers.