Project connected with pure water

Huge American transnational corporation, Culligan International, to attract preferential loans from foreign banks, to reconstruct and build water supply facilities in Belarus
Huge American transnational corporation, Culligan International, to attract preferential loans from foreign banks, to reconstruct and build water supply facilities in Belarus.


Preferential loans attracted for reconstruction of water supply facilities

The Development Bank of the Republic of Belarus is willing to act as an agent bank on the Belarusian side for the project, noted the Deputy Prime Minister of Belarus, Anatoly Kalinin, on meeting the Vice President of the American company, Lawrence Bower, and top executives of Culligan Bel Ltd.

The sides have discussed future co-operation to develop modern production of water treatment equipment in Belarus, using cutting-edge water purification and water treatment technologies. Mr. Kalinin notes that Belarus is interested in attracting investments and state-of-the-art technologies for implementing water supply and water treatment projects. He adds that Belarus is ready to facilitate necessary conditions to develop mutually beneficial collaboration, including on public private partnership terms.

As a result of the meeting, the Deputy Prime Minister has instructed the Housing and Utilities Services Ministry to prepare a plan of joint work with Culligan International. The plan envisages the establishment of an enterprise to make water purification equipment and implement projects to fit water supply facilities with equipment made by the company, using loans from foreign banks.

The Ministry plans to soon sign a relevant protocol of intentions with the company, and Mr. Kalinin intends to visit the production facilities of Culligan Bel Ltd., in Zaslavl, to gain familiarity with its water purification equipment.

The Deputy Prime Minister has suggested localising up to 60-70 percent of goods, work and services of Belarusian companies, and has suggested that Culligan Bel should implement a pilot project to supply water to agro-towns, using its equipment.

Culligan International controls 40 percent of the global water purification market and is present in over 40 countries. For the sake of making, selling and servicing Culligan equipment within the Eurasian Economic Union, the company has set up Culligan Eurasia Ltd., which is headquartered in Minsk.

By Vladimir Velikhov

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