The agreement on the allocation of Belarus World Bank loan of $ 150 million for the project "Improvement and modernization of the road" was signed on November 19 in Minsk.
The document was signed by Minister of Transport and Communications Ivan Scherbo and the head of the World Bank in Belarus Ivan Velev.
The purpose of the project — to assist in the development of transport infrastructure of strategic transit corridor and the introduction of electronic tolling.
Ivan Velev said that this project — "this is the largest investment project of the World Bank in Belarus since 1992."
Belarus joined the World Bank in 1992. For this time the country has been allocated 865 million United States on the implementation of the twelve projects, BelaPAN.