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RUSSIA'S CLEARING DEBT TOWARDS MACEDONIA TO BE PAID IN AMOUNT OF $60,5 MILLION



National.

Russian Federation's clearing debt towards the Republic of Macedonia will be paid off in amount of US$60,5 million through realisation of projects, especially gas line projects, Vice Premier Zoran Stavrevski told the press conference on Sunday.

Stavrevski informed that recently Moscow approved the Government's request for full debt payment in amount of US$ 60,5 million. Previously, the past government initiated and accepted debt settlement in amount of $48, 5 million.

Thus, Macedonia gains US$ 12 million more than expected, which according to Stavrevski is of utmost importance because Macedonia will have additional resources for realisation of projects that will complete the debt.

- We've already held preeliminary talks with Russian ministries for planned projects. Primarily, the debt will be used for realisation of gasification project in Macedonia, said the Vice PM.

On the grounds of the talks, he anticipates realisation of 4 to 5 projects, including the prime and secondary gas line ring around Skopje, main gas line from Klechovce via Veles towards the economic free zone in Stip and to the thermal power plant Negotino and main gas line towards Tetovo and the economic free zone in Tetovo.

- In line with the preeliminary expectations, these projects are most likely to cost approximately US$80 million, which means that additional resources will be provided by the budget of Macedonia.

The projects are due to be realised in a period of two to three years.

The agreement is most likely to be signed in early November, which will be followed by its operative realisation. - In about two to three years Macedonia will be entirely gasified, whereas the project will be realised in several phases depending on the working tempo, stated Stavrevski.

Macedonia is set to select the companies that will take part in project's realisation i.e. to select the company - bearer of the project and manufacturers.

- We'll kick off negotiations with "Gama" and we expect to reach a deal. Unless no agreement is made, then solutions will be found with other public enterprise, said Stavrevski.


[MIA]

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February 27 2010:
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