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10 Aug 2020

Lukashenko: People are a cornerstone of every policy

Lukashenko: People are a cornerstone of every policy

MINSK, 10 August (BelTA) – All policies should be centered around people, Belarus President Aleksandr Lukashenko said visiting the Belarusian National Biotechnology Corporation on 10 August, BelTA has learned.

The head of state was updated on the progress in implementing a big investment project of the corporation, and on the works that are already underway or will be done in the future. A special focus in now placed on procurement and delivery of Belarusian grain to companies affiliated with the Belarusian National Biotechnology Corporation. There are plans to process 700,000 tonnes of grain per year and the first deliveries are to be made in the coming days.

A joint agricultural facility will manufacture products worth a total of $650 million per year. The corporation is expected to receive $300-350 million in net profit per year.

According to the Belarusian National Biotechnology Corporation, when the major facilities of the investment project are commissioned, the corporation will initiate the establishment of an agricultural holding company in Minsk Oblast that will be modeled on the one in Vitebsk Oblast.

After the investment project is launched, the number of workers will be about 2,100. The average salary has already reached Br1,000. Several houses were built and more will be commissioned in the village of Druzhny for workers. The president was informed that the housing cost was $632 per 1m2 here. Aleksandr Lukashenko said that the construction cost should be the same in Minsk

The investment project is run by the Belarusian National Biotechnology Corporation. There are plans to start deep processing of grain using cutting-edge biotechnology solutions to receive essential amino-acids. These amino-acids are meant for production of highly efficient and well-balanced fodder that can be sold domestically and abroad. The project implementation period is 2016-2032. The construction of manufacturing facilities as part of the project started in March 2019. The biotechnology facilities are to be commissioned at the end of H1 2021.

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