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BYR 450bn loan for building third metro line in Minsk in 2014

The Development Bank of the Republic of Belarus (DBRB) will lend BYR 450 billion in 2014 for building the third metro line in Minsk.  The amount will be allocated this year at 7.5% per annum, with the money to be returned under 15 years.

DBRB Chairman of the Board,  Sergei Rumas specified that the third line will be built in two steps. The total volume of investments is estimated at about BYR 1.8 trillion in the year 2006 prices. The initial investment in building four metro stations in 2014-2017 is estimated at roughly $1 billion. After that, the sums and lending terms will have to be discussed on an annual basis.

The third metro line will transport up to 700,000 passengers per day. The throughput capacity is much larger than the capacity of the first and second Minsk metro lines.

BelTA reported earlier that the third metro line will connect the southern and northern residential areas of the city with the city’s center. It will pass under the Svisloch River. The first four-station section of the third metro line is supposed to be opened in 2017. The opening will allow creating the so-called transport triangle to unload the workload of the existing transfer node Kupalovskaya – Oktyabrskaya. Those four stations will bring about two additional transfer nodes made of the metro stations Frunzenskaya – Yubileynaya and Ploshchad Lenina – Vokzalnaya. The third metro line will have a total of seven stations: Slutsky Gostinets (the intersection of Kizhevatova Street and Korzhenevskogo Street), Nemorshansky Sad (the intersection of Kizhevatova Street and Osipovichskaya Street), Aerodromnaya (the former airport Minsk 1), Kovalskaya Sloboda (the intersection of Zhukovskogo Street and Voronyanskogo Street), Vokzalnaya near the Minsk railway station, Ploshchad Frantishka Bogushevicha, and Yubileynaya Ploshchad.

Source* belta.by

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